Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The partnership issue An … [Read more...]
Run a business with your spouse? You may encounter unique tax issues
September 8, 2025 by David Corneil
An Introduction of Trump Accounts under OBBBA
September 2, 2025 by Mitchell Erickson
We’re still in the early stages of learning about this new type of tax-advantaged account but here’s what we know. Starting in 2026, Trump Accounts will offer … [Read more...]
Create an IRS Online Account for Individuals
September 2, 2025 by Jeff Rislov
NOTE: You must review the IRS Online account for individuals Frequently Asked Questions if having troubles creating or accessing your online … [Read more...]
New rules could boost your R&E tax savings in 2025
September 2, 2025 by Mitchell Erickson
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) reinstated … [Read more...]
Teachers and others can deduct eligible educator expenses this year — and more next year and beyond
September 2, 2025 by Tonya Raths
At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school supplies, backpacks, clothes, … [Read more...]
10 tips for cybersecurity on a shoestring
August 25, 2025 by Annette Benson
Small businesses often lack financial resources to defend against cyberthreats, but you don’t need a large IT budget. Simple, cost-effective habits can help … [Read more...]
Divorcing as a business owner? Don’t let taxes derail your settlement
August 25, 2025 by Larry Stulen
Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated. Your business ownership interest is often one … [Read more...]
How will the changes to the SALT deduction affect your tax planning?
August 22, 2025 by Jeff Rislov
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily. If you have … [Read more...]
Workers’ Compensation and the Family and Medical Leave Act (FMLA)
August 20, 2025 by Nicholle Peterson
Question: We have an employee out due to a work-related injury. Do we still need to send them Family and Medical Leave Act (FMLA) paperwork if they’re already … [Read more...]
Thinking About Applying for 501(c)(3) Status? Here Is What You Need to Know
August 19, 2025 by Meranda Wacek
If you’re considering 501(c)(3) status, it likely means you’ve felt a calling to give back. Perhaps you’re forming a private foundation or public charity, or … [Read more...]
