Getting a New Business Off the Ground
New businesses are launched every day, as evidenced by the number of Employer Identification Numbers requested, according to the U.S. Census Bureau. In the aftermath of the COVID-19 pandemic, there …
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What business expenses can’t be written off?
If you check the Internal Revenue Code, you may be surprised to find that most business expenses (deductions) aren’t specifically listed there. For example, the tax law doesn’t explicitly state that …
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 …