Summary: Particularly for certain smaller businesses, the S corporation can be a much more beneficial entity than the traditional C corporations, but there are strict rules. Click through for an introduction to the advantages and drawbacks.S corporations are entities that can pass corporate income, losses, deductions and credits through to shareholders for federal tax purposes. […]
Summary: Homes often appreciate, especially when you’ve been living in them a long time. This is good but can create tax problems. Click through for tips on the tax situations impacting homes, to make sure you manage your home sale situation correctly.Consider Irene, who recently became a widow when her husband, Henry, died. Like most […]
Summary: Dollar-cost averaging is a simple system that can yield big results. It lowers what you pay overall for investments, all while minimizing your risks. Click through to learn why buying securities at regular intervals, regardless of price, can lead to big wins. A popular investing technique, dollar-cost averaging increases returns in the long […]
Summary: If your employee benefit plan is not compliant with regulations, you could face audits and penalties. Click through to learn about voluntary correction programs that can help you avoid or minimize the consequences of noncompliance. Qualified retirement plans — including 401(k) plans — are required to comply with specific rules, which are enforced by the […]
Summary: As you master new skills and solve problems that arise, your confidence will grow. If you are thinking about hiring a business coach, click through to see if hiring a business coach can help as you overcome weaknesses, learn new skills, and expand beyond your comfort zone. When the going gets tough, football players turn […]
Summary: If you’ve joined the great resignation and you are your own boss, you may be able to write off the cost of your home office come tax time. Click through to learn how to take advantage of the useful — but complex — home office deduction opportunity. The home office deduction allows qualified […]
Summary: It can be possible to settle your tax debt for less than you owe, but you have to know how the system works. If you’re suffering from financial hardship, click through to learn how to take advantage of an IRS program. Despite its reputation, the Internal Revenue Service can be flexible in situations where you […]
Summary: You know that an accurate account of expenses is vital to keeping your business in the black, but there’s more than one way to keep your accounts. Click through to learn the pros and cons of the two most common accounting methods. Every business has to keep track of money flow, but there’s more than […]
Summary: Need money for college? Loans are available, but your options can get confusing. Which programs are out there, and are they right for you? Click through to learn about borrowing options so you can make informed choices about financing college. Planning for college for yourself or a child? If you can’t pay cash for your […]
Summary: There are many things you must do when you close a business. One is to make things right with the IRS. Click through for an overview of your tax responsibilities as a business owner when you’re ready to move on. The decision to close a business’s doors for good is never an easy one. However, […]
