Jun.29, 2021
Farm Use Valuation
The reporting period for Farm Use Valuation is open from July 1, 2021, until September 1, 2021. Each year the reporting ...
Jun.25, 2021
The long and short of succession planning
For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unne...
Jun.17, 2021
Tax-favored ways to build up a college fund
If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other hi...
Jun.16, 2021
Plan ahead for the 3.8% Net Investment Income Tax
High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. For...
Jun.10, 2021
Recordkeeping DOs and DON’Ts for business meal and vehicle expenses
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases,...
Jun.4, 2021
Hiring your minor children this summer? Reap tax and nontax benefits
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. ...