There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take … [Read more...]
Riding the tax break train: Maximizing employee transportation fringe benefits
March 11, 2025 by Jeff Rislov
Exploring business entities: Is an S corporation the right choice?
March 10, 2025 by Jennifer Lownsbury
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture. One benefit of an S … [Read more...]
Savings bonds and taxes: What you need to know
March 6, 2025 by Thomas Stoeckman
When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity and government backing. However, like all … [Read more...]
The tax treatment of intangible assets
March 6, 2025 by Mitchell Erickson
Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets can be … [Read more...]
Do We Have to Honor a Notice Period?
March 5, 2025 by Nicholle Peterson
If an employee puts in their notice, can we let them go that day instead of keeping them for the full notice period? Generally, yes, you can let an employee go … [Read more...]
The 2024 gift tax return deadline is coming up soon
March 4, 2025 by Larry Stulen
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift … [Read more...]
Ways to manage the limit on the business interest expense deduction
March 3, 2025 by Jordan Wrobleski
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA … [Read more...]
Are we permitted to ask applicants about their immigration status?
February 26, 2025 by Nicholle Peterson
No, you shouldn’t ask applicants about their immigration status—for example, whether they are a citizen, naturalized citizen, lawful permanent resident, or … [Read more...]
Can I itemize deductions on my tax return?
February 25, 2025 by Jon Hinderks
You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be … [Read more...]
Questions about taxes and tips? Here are some answers for employers
February 24, 2025 by Tonya Raths
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and … [Read more...]
