4 Ways to Ensure Corporate-Owner Compensation is “Reasonable”
If you own a C corporation, you know there’s a tax advantage to taking money out as compensation rather than as dividends. The reason: A corporation can deduct the salaries …
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Tax Responsibilities When Your Business Closes
Businesses close for many reasons, such as these: If you’ve decided to close your business, you might need assistance handling various tax obligations. For example, a final income tax return …
Why Periodic Life Insurance Reassessment Is A Must
With the federal gift and estate tax exemption at $13.61 million for 2024, far fewer families currently are affected by the estate tax. However, life insurance remains a powerful tool to …
Hiring? View the Work Opportunity Tax Credit Benefits
If you’re a business owner or manager who is hiring, you should be aware of the details of a valuable tax credit for hiring individuals from one or more targeted …
Small Business Retirement Savings Options
If you’re looking for a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved, there are some options to consider. One …