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Is your business subject to the new BOI reporting rules?

Nov 22, 2023 | Small Business

Many businesses, including small ones, may be subject to new beneficial ownership information reporting rules under the Corporate Transparency Act. Here’s what you need to know.

What are the tax implications of winning money or valuable prizes?

Nov 16, 2023 | Individuals

There are tax implications if you hit a sizable jackpot in the lottery or while gambling. Here are the basic rules.

Valuations can help business owners plan for the future

Nov 9, 2023 | Small Business

Most business owners know that a valuation will be necessary if they decide to sell their companies. But there are other reasons to consider engaging a qualified appraiser.

Contributing to your employer’s 401(k) plan: How it works

Nov 2, 2023 | Individuals

Does your employer offer a 401(k) plan, but you haven’t started participating? Here are the basic features of these plans to illustrate why you should strongly consider it.

Divorcing business owners should pay attention to the tax consequences

Oct 26, 2023 | Small Business

Divorce can be financially complicated, especially if one or both of the spouses owns a business.

Are scholarships tax-free or taxable?

Oct 19, 2023 | Individuals

If your child is fortunate enough to get a scholarship, is the amount taxable income? For some, yes, but there’s good news for most families.

What types of expenses can’t be written off by your business?

Oct 12, 2023 | Small Business

As a business owner, expenses can be written off in order to save you money. What things can’t be written off?

Evaluate whether a Health Savings Account is beneficial to you

Oct 5, 2023 | Individuals

As health care expenses continue to grow, health savings becomes a larger priority for many individuals. A Health Savings Account can offer a tax favorable way to meet future medical needs.