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6 key elements of a business budget
A budget is essential for small businesses. But if you are stuck using the same budgeting process and format, maybe it’s time for an upgrade.
TCJA and the possible future tax landscape for businesses
The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act (TCJA) are scheduled to expire and the November elections will be decided. Here are some possible outcomes.
Business owners sometimes need to switch successors
Are you having second thoughts about your chosen successor? It happens. Here are some ways to address the issue and decide whether to change course.
Understanding taxes on sales of real estate
The federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.
How are Series EE savings bonds taxed?
If you own Series EE bonds, take a look at the issue dates to see if the bonds are no longer earning interest. Here’s how bond interest is taxed.
What might be ahead due to expiring tax provisions?
What’s on the tax horizon as many Tax Cuts and Jobs Act provisions get closer to their scheduled expiration date? Here are four possible scenarios.
Six tax issues to consider if you’re getting divorced
Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.
If your business has co-owners, you probably need a buy-sell agreement
For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.
Use a Qualified Charitable Distribution to avoid taxable IRA withdrawals
Here’s a strategy for older taxpayers who are charitably minded and also must take required minimum distributions from their traditional IRAs.
Hiring your child to work at your business this summer
Hiring your child at your business this summer? It can be a tax-smart idea. Here are the benefits.
Washington, NC 27889
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