Don’t overlook these tax issues after a job loss
Even with a relatively low unemployment rate (averaging around 4.4% over the past year), layoffs and terminations continue to […]
Business
Business, Taxes
Payroll tax implications of new tax breaks on tips and overtime
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax
Business, Taxes
Investing in qualified small business stock now offers expanded tax benefits
By purchasing stock in certain small businesses, you can diversify your investment portfolio. You also may enjoy preferential tax treatment,
Business, Taxes
How working in the gig economy affects your taxes
The gig economy offers flexibility, autonomy and a way to earn income, but it also comes with tax obligations that
Business, Taxes
An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing
Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the
Business, Taxes
You don’t have to be in business to deduct certain vehicle expenses
You don’t have to be in business to deduct certain vehicle expenses When you think about tax deductions for vehicle-related
Business, Taxes
Is your money-losing activity a hobby or a business?
Let’s say you have an unincorporated sideline activity that you consider a business. Perhaps you offer photography services, create custom
Business, Taxes
Working remotely is convenient, but it may have tax consequences
Many employees began working remotely during the pandemic and continue doing so today. Remote work has many advantages for employers
Business, Taxes
Pay attention to the tax rules if you turn a hobby into a business
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open
Business, Taxes
A job loss is bad but the tax implications could make it worse
Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in