Saving Tax on Restricted Stock Awards with the Sec. 83(b) Election
Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences of such compensation can be complex — subject to ordinary-income, capital gains, employment and other taxes.
Profits: How Low Can You Go?
If your profits are falling compared to revenue and assets, your financial statements may provide insight into what’s happening and how to improve your performance.
Say, Just How Competitive is Your Business Anyway?
Every business owner launches his or her company wanting to be successful. But once you get out there, it usually becomes apparent that you’re not alone. To reach any level of success, you’ve got to be competitive with other similar businesses in your market.
Tax Document Retention Guidelines for Small Businesses
You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension).
Tax Record Retention Guidelines for Individuals
What 2017 tax records can you toss once you’ve filed your 2017 return? The answer is simple: none. You need to hold on to all of your 2017 tax records for now. But it’s the perfect time to go through old tax records and see what you can discard.
Individual Tax Calendar: Important Deadlines for the Reaminder of 2018
While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that you also need to be aware of.
TCJA Changes to Employee Benefits Tax Breaks: 4 Negatives and a Positive
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits.
After IRS Problems, Taxpayers Get an Extra Day to File
Following computer system issues that appeared early yesterday morning, the Internal Revenue Service (IRS) has announced that taxpayers will have an additional day to file and pay their taxes. The new deadline is today, April 18, at midnight.
You Still Have Time to Make 2017 IRA Contributions
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018. Deductible contributions will lower your 2017 tax bill, but even nondeductible contributions can be beneficial.