A quiet trust has its benefits, but an incentive trust may be a better option
When it comes to estate planning, one of the more nuanced tools available is a quiet trust (also known as a “silent” trust).
Building a better nonprofit budget
Does your nonprofit start its budget process from scratch each year or do you mostly make simple adjustments to the previous year’s budget?
Run a business with your spouse? You may encounter unique tax issues
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.
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 purposes. The new law changes that.
Is a custodial account right for your family?
If you’re considering opening an investment account for your minor child or grandchild to help him or her save for the future, a custodial account can be a useful option.
Pick a topic - not just any topic - for your nonprofit’s board retreat
If you’re organizing a nonprofit board retreat, you’ll probably want board members to make the most of their time together. One of the best ways to do this is to choose a theme or central topic of discussion.
Recruiting is more than a job posting
For many small business owners, recruiting begins and ends with a job posting. You write a description, post it online, and wait for the right candidate to apply.
4 QuickBooks Online settings groups you should explore
You have more control over QuickBooks Online than you might think. Consider changing some settings.
New rules could boost your R&E tax savings in 2025
A major tax change is here for businesses with research and experimental (R&E) expenses.
Teachers and others can deduct eligible educator expenses this year — and more next year and beyond
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, etc., for the new school year. But teachers are also buying school supplies for their classrooms.