When your business is growing, billing can easily fade into the background. After all, once invoices go out and payments come in, it may seem like everythi...
Planning for the end of life is never easy, but including your funeral and memorial wishes in your estate plan can relieve a major burden from your loved o...
Succession planning is one of the most important responsibilities of a manufacturing business owner. By identifying and grooming future leaders early — w...
Are you an owner-employee of a partnership or limited liability company (LLC)? In general, business income that flows through to you for income tax purpose...
During the recent government shutdown, many of the IRS’s core functions, such as tax refund processing, audits and nonautomated collection efforts, were ...
The Inflation Reduction Act established a 1% excise tax on the fair market value of stock repurchases (often referred to as “buybacks”) made by certain...
The IRS has issued guidance for taxpayers wanting to claim new deductions for qualified tip income and qualified overtime compensation for 2025. The guidan...
Allowing employees to work remotely from other states may introduce significant tax and compliance challenges for employers. For example, when employees ar...
Recently, National Taxpayer Advocate Erin Collins told attendees of an American Institute of CPAs conference that she thought the IRS needed to address pro...
A qualified terminable interest property (QTIP) trust can be a valuable estate planning tool if you have a blended family. In such families — where one o...