Pitfalls: First-year Bonus Depreciation and Sec. 179 Expensing
Eligible taxpayers can elect to use bonus depreciation or Section 179 expensing to deduct the full cost of eligible property in the year it’s placed in service. Alternatively, they may …
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Is an LLC Right For Your Small Business?
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a …
3 Estimated Tax Payment Strategies
Many individuals today are self-employed or generate income from interest, rent, dividends, and other sources. If you’re in that situation, you could be risking penalties if you don’t pay enough …
The Flexibility of a Self-Directed IRA
Traditional and Roth IRAs can be relatively “safe” retirement-saving vehicles, though, depending on what they’re invested in, they limit your investment choices. For more flexibility in investment choices (but also …
Education Benefits: Attract, Retain, and Motivate Employees
One popular fringe benefit that an employer can offer is an education assistance program that allows employees to continue learning, and perhaps earn a degree, with financial help from the …