A Section 127 educational assistance plan can be a smart investment for your business. With this tax-favored benefit,...
No matter how meticulous your business is, payroll taxes can be complex. Here are six quick tips to help you stay on ...
If you’ve been a victim of a federally declared disaster in past years, you may be eligible for benefits under ...
What tax proposals could be in play during President Trump’s first 100 days in office?
Reference this tax calendar to learn the 2025 deadlines for various tax-related forms and payments.
Properly managing the tax treatment of intangible assets is vital for businesses to maximize tax benefits and ensure ...
Implementing tax-reduction strategies now can pay off the next time your company files its tax return.
You’re probably familiar with the self-employment tax if you own a business. Here’s a refresher on how it...
The tax-advantaged retirement plan contribution amounts will increase less next year than in previous years due to ea...
With President-elect Trump, the tax landscape will change in 2025.
A solo 401(k) plan is a powerful retirement savings tool if you run a one-person small business. Here’s how you...
The qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don...
Changes are coming to the Social Security system in 2025 in the form of a higher wage base. Next year’s thresho...
What triggers an IRS audit and how can you prepare if your business is selected?
Election day is less than a month away. Here’s a rundown of the major tax proposals of the two candid...
It’s been an especially difficult year for victims of natural disasters, including those affected by Hurricane ...
Form 1095-C is filed with the IRS and given to full-time employees of “applicable large employers.” Which...
Guaranteed payments to partners and payments to retired partners are just two of the tax issues that should be addres...
If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business ...
The IRS has issued final regulations regarding inherited IRAs and other defined contribution plans.
Summer is here and tax deadlines are probably the last thing on your mind. But there are some important third-quarter...
Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments.
Some taxpayers can look forward to receiving transitional relief from the IRS related to the required beginning dates...
Here’s a rundown of the business and individual tax provisions included in President Biden’s recently rel...
With Republicans now in control of the U.S. House of Representatives, what’s the fate of prospective tax legisl...
Reference this tax calendar to learn the 2023 deadlines for various tax-related forms and payments.
The price of gas is up about $1 a gallon from a year ago. How does this affect the amount your business can deduct fo...
If you’re concerned about your 2021 tax liability, consider these year-end tax planning strategies.
Looking for a flexible, tax-advantaged option for providing health care coverage at your business? Consider a Health ...
Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a c...
The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues ...
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. He...
If you have children age 17 or under, it’s critical to understand the recent changes made to the child tax cred...
As part of the American Rescue Plan Act enacted in March, significant changes were made to the child tax credit that ...
President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an...
The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended f...
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The...
Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic th...
How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they co...
The price of gas is down from a year ago. How does this affect the amount your business can deduct for business drivi...
A filing requirement is coming up if your business pays independent contractors or makes other payments.
Employees pay Social Security tax on their wages up to the current tax year’s “wage base.” The SSA ...
We asked our tax professionals for a few suggestions on how to get organized and prepare for 2021. Here they are...
Global economic disruption uniquely affects each business.
The new Qualified Business Income Deduction is one of the more complex proposed changes in the Tax Cuts and Jobs Act,...
The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA affects many ...
Part 2 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.
Part 1 of 3: A summary of the most widely applicable points of the tax reform passed in December 2017.
A summary of the most widely applicable points of the tax reform passed in December 2017.
WEC is pleased to announce the promotion of Steven E. Sandoval from Supervisor to Individual Tax and Small Business C...
BEWARE - Taxpayers are receiving telephone calls from people claiming to be from the IRS, but they are not. These con...
Few, if any, of us enjoy dealing with the IRS. Often polled as America’s most hated federal agency, the agency&...
A Brief Overview of Frequently Asked Questions
The American Taxpayer Relief Act that became law on Jan. 2, 2013, changed the landscape of when an estate tax return ...
After weeks, indeed months of proposals and counter-proposals, seemingly endless negotiations and down-to-the-wire dr...
Dramatic tax increases scheduled to go into effect in 2013 make 2012 tax planning imperative. The following taxes may...
The Supreme Court upheld President Obama's signature health care reform in a 5-4 decision on June 28, 2012. Beg...