You're probably knowledgeable about the FICA tax, which was established by the Federal Insurance Contributions Act, and is paid by both employers and employees through payroll...
Are You Familiar With the FUTA Tax?
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Do You Qualify for the Favorable HOH Status?
The head of household (HOH) federal tax filing status is often misunderstood by taxpayers who might qualify, including single, divorced or legally separated parents, and...
You’ve Received an Inheritance. Now What?
Even if you've long expected it, receiving an inheritance can be somewhat disorienting — particularly if it's a large windfall that could alter your current standard of living....
Roth Retirement Options: Are They Right For You?
The Roth IRA, a retirement plan option for more than 25 years, was joined in 2006 by the employer-sponsored Roth 401(k) plan, also known as a "designated Roth account." Both...
Handling Financial Affairs After Remarriage
While estate planning can be complex for all families, it can be especially complicated for those who remarry. In addition to considering your spouse and children in your current...
Factoring Industry Risk into the Business Valuation Equation
There's generally a trade-off between risk and return in business valuation. Investors expect to receive a higher return as a company exposes them to greater risk....
Keys to Avoiding Payroll Tax Trouble
What would happen if your company failed to pay the IRS payroll taxes when they're due? You could be on the hook for penalties and, if you're treated as a "responsible party,"...
Family and Medical Leave: Does Your Program Qualify for the Tax Credit?
In a tight labor market, paid family and medical leave is rapidly becoming more of an expected benefit than just a perk. The good news is the Section 45S federal tax credit for...
Beneficial Ownership Information Reporting Requirement
Effective January 1, 2024 – MANDATORY REPORTING The Corporate Transparency Act (“CTA”) enacted in 2021 requires many companies doing business in the United States to report...
6 Tax Angles to Layoffs
After a robust job market over the last few years, layoffs are now on the rise. Through November 2023, employers have announced nearly 690,000 job cuts this year, an increase of...