Tax Problems
Unlocking Tax Credits and Deductions Under the Big Beautiful Tax Bill
Published on September 16, 2025The Big Beautiful Tax Bill (BBTB) has introduced new opportunities for S Corporations to reduce…
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The Critical Role of Basis Tracking in Year-End Tax Planning
Published on September 9, 2025When it comes to year-end tax planning, accurate basis tracking often takes a backseat to…
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Navigating the One Big Beautiful Bill Act (OBBBA): A 6-Part Guide to Year-End Tax Planning for S Corporations
Published on August 5, 2025The One Big Beautiful Bill Act (OBBBA) has brought significant changes that small business owners—particularly…
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Can You Deduct a Scam Loss? The IRS Offers Small Business Owners Relief
Published on June 24, 2025For small business owners, nearly every dollar counts. Falling victim to a scam can feel…
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Understanding the Tax Implications of Changing Ownership Percentages for Shareholders
Published on June 17, 2025For business owners, making changes to ownership percentages among shareholders is a significant decision. It…
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7 Reasons Small Business Owners Should Think Twice Before Electing S Corp Status for Their LLC
Published on May 13, 2025Starting and running a small business involves making decisions that can have long-term implications. Among…
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Understanding Influencer Marketing and Its Tax Requirement
Published on May 6, 2025Are you an influencer or content creator navigating the evolving world of social media marketing?…
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The Right Way to Ask Your Corporation for Travel Reimbursements
Published on April 22, 2025If you’re a small business owner operating as a C or S Corporation, understanding how…
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Get Your Partner-Paid Expenses Right
Published on April 15, 2025If you’re a small business owner, a partner in a partnership, or a member of…
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Don’t Lose Those Tax Deductions – Start Smart, Save Big
Published on April 8, 2025Don’t Lose Those Tax Deductions Starting a new business is thrilling, but navigating the tax…
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Hiring Seasonal Employees: What SMBs Need to Know About Payroll Taxes
Published on October 16, 2024For many small businesses, the busy season means bringing in extra hands to keep operations…
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Going Green: Insights Into Wind and Solar Project Taxation
Published on November 21, 2023As the world begins to embrace renewable energy sources to combat climate change, utility-scale wind…
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Navigating the Challenge: How Rising Interest Rates Impact Start-up Fundraising
Published on October 10, 2023In the dynamic world of start-ups, securing funding is the lifeblood of growth and innovation….
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The IRS Stops Processing Covid Employment Tax Credit: What You Need to Know
Published on October 3, 2023The Covid-19 pandemic has turned the world upside down. Lockdowns, travel restrictions, and mandatory work-from-home…
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Did You Get a Letter from the IRS? Don’t Panic.
Published on August 22, 2023Article Highlights: • IRS Notices • CP Series Notice • Automated Notices • Frequent Errors…
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Can a Self-Employed Taxpayer Mix Business and Pleasure During Foreign Travel and Still Get a Tax Deduction?
Published on August 15, 2023Can a Self-Employed Taxpayer Mix Business and Pleasure During Foreign Travel and Still Get a…
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IRS – Themed Texting Scam
Published on May 23, 2023As a business owner, you’re probably no stranger to fraud attempts, whether it’s an email…
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Don’t Be A Victim to IRS-Impersonating Scammers
Published on May 16, 2023Article Highlights: Phone Scams E-Mail Phishing What’s in Your Purse or Wallet? What You Should…
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Don’t Get Hit with IRS Underpayment Penalties
Published on April 18, 2023Article Highlights: Pay-as-You-Earn System Withholding and Payment Forms IRS On-line Withholding Estimator Situations Triggering Underpayments…
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False Employee Retention Credit Claims Can Mean Big Problems Later
Published on March 28, 2023Article Highlights: TV Employer Retention Credit Promotions Employer Retention Credit Qualifications Business Operations Curtailed…
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Florida Man Gets 23 Years For Running an $80 Million Ponzi Scheme, Filing False Tax Returns
Published on February 14, 2023Michael J. DaCorta, a 57-year-old man from Sarasota, Florida, recently learned the hard way that…
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How the Story of the Chrisley’s Bank and Tax Fraud Ended With Them in Jail
Published on January 19, 2023The reality series “Chrisley Knows Best” first premiered on the USA Network in March 2014….
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The IRS Achieves a 90% Conviction Rate, or: “Why You Shouldn’t Cheat on Your Taxes”
Published on December 29, 2022There’s an old saying that reminds us that there are only two certainties in this…
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The Tax Consequences of Gig Work
Published on December 22, 2022Over the last decade, in particular, the definition of the term “career” has changed. Rather…
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Year End Tax Planning Issues
Published on December 8, 2022Article Highlights: Benefits Sunsetting After 2021 Benefits Sunsetting After 2022 Not Needing to File May…
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IRS Plans On Targeting Abusive ERTC Claims
Published on December 6, 2022Article Highlights: Television Promotions Payroll Tax Credit Applicable Years Qualifications Business Operations Curtailed Significant Decline…
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Mid-Year Tax Planning Checklist
Published on October 8, 2021Article Highlights: End of Year Tax Planning Avoiding Unpleasant Surprises Events That Have Tax Consequences…
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Mega-Rich Backdoor IRA Strategies May Backfire if New Tax Bill Passes
Published on September 1, 2021While it’s usually true that the “rich get richer,” a proposed tax code will prove…
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4 of the Most Common IRS Tax Problems
Published on August 8, 2021For years, politicians have been talking about simplifying the process of filing federal taxes, but…
Read MoreTaxpayers Find Gift-Tax Reporting Confusing
Published on July 19, 2018Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries…
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Has Tax Reform Taken Away Your Home Mortgage Interest Deduction?
Published on July 17, 2018The Tax Cuts and Jobs Act of 2017, more commonly referred to as tax reform,…
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