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The IRS has announced that it has begun sending letters to taxpayers that may have failed to report income and pay the resulting tax from virtual currency transactions or did not report their transactions properly. ... Continue Reading
For small businesses formed as an S Corporation and with plenty of profits, reasonable compensation is a term you may want to be familiar with. Many small businesses have organized as an S Corporation form of... Continue Reading
For business owners with employees, payroll is a necessary task that can slow your day and tie you down if you let it.If you're looking for a way to make payroll less time-consuming, here are five ideas you can put... Continue Reading
On Friday 7 June, HLB International celebrated its 50th anniversary this year by coming together to support local and international community projects for #HLBCommunities Day. The network's first global Corporate... Continue Reading
Business travel is still tax-deductible, under the Tax Cuts and Jobs Act of 2017 (TCJA), but there is a major difference now. Relatively few individuals will be able to claim such deductions; for the most part,... Continue Reading
Year-end tax planning is on the agenda for many taxpayers, with good reason. That said, you don't have to wait for November or December to make astute moves. Planning in June or July can lead to tax savings that... Continue Reading
Single taxpayers with taxable income up to $39,375 ($78,750 on joint returns) can pay 0% tax on long-term capital gains. That may suggest some income-shifting strategies. Example 1: Suppose that Fred and Grace... Continue Reading
From coast to coast, hurricanes and wildfires and other natural disasters have created headlines while destroying homes. Your principal residence is probably a valuable asset, so you should be confident your... Continue Reading
The 2019 “tax season,” during which most 2018 tax returns are prepared, will soon peak at the April 15 deadline. One key trend is that more people are taking the standard deduction, which has increased... Continue Reading
