Do I have to pay a nanny tax?
The “nanny tax” must be paid for nannies and other household workers. If you employ a household worker who isn’t an independent contractor, you may be required to withhold from the worker’s …
Tackle Inflation: 3 Cost-Cutting Tips for Businesses
Every business wants to cut costs, but it sure isn’t easy. We’re talking about clear and substantial ways to lower expenses, thus strengthening cash flow and giving you a better …
To Get an “Early” Refund, Adjust Your Withholding
If you received a large refund this year, you may want to adjust your withholding. Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a …
Hiring Your Minor Children for Summer Jobs
If you’re a small business owner and you hire your children for summer jobs, you may be able to obtain tax breaks and other nontax benefits. You may also be …
Use Payable-on-Death (POD) Accounts to Transfer Assets Outside of Probate
Payable-on-death (POD) accounts can provide a quick, simple, and inexpensive way to transfer assets outside of probate. They can be used for bank or credit union accounts, certificates of deposit, …