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Independent Contractors: Classify Carefully
Many businesses use independent contractors to help keep costs down and provide flexibility for short-term needs. However, whether a worker is an employee or an independent contractor is complex.
Does the Corporate Transparency Act Apply to Your Business?
Certain companies must provide information related to their “beneficial owners,” the individuals who ultimately own or control the company, to the Financial Crimes Enforcement Network (FinCEN). Failure to submit a beneficial ownership information (BOI) report may result in civil or criminal penalties.
Help Prevent Financial Scams Aimed at Older People
Here are three ways to help prevent elder financial abuse and fraud, whether you’re in this age bracket or you share them with senior loved ones
To Get an “Early” Refund, Adjust Your Withholding
You may want to adjust your withholding if you received a large refund this year. Each year, millions of taxpayers claim an income tax refund.
3 Ways Your Business Can Uncover Cost Cuts
Every business wants to cut costs, but it isn’t easy. We’re talking about clear and substantial ways to lower expenses, strengthen cash flow, and give you a better shot at strong profitability.
Is Your Business Closing? Your Final Tax Responsibilities
If you’ve decided to close your business, you might need assistance with some steps, including handling various tax obligations.
Upcoming Tax Due Dates
April 15, April 30, May 10
Retirement Saving Options for Your Small Business
If you’re looking for a retirement plan for yourself and your employees but are worried about the financial commitment and administrative burdens involved, there are some options to consider. One possibility is a Simplified Employee Pension (SEP).
Make 2023 Annual Exclusion Gifts by Dec. 31
One of the most effective estate-tax-saving techniques is also one of the simplest: making use of the gift tax annual exclusion.
3 Strategies for Estimated Tax Payments
Many individuals today are self-employed or generate income from interest, rent, dividends, and other sources. If you’re in this situation, you could be risking penalties if you don’t pay enough taxes during the year through estimated tax payments and withholding.
