Understanding Federal Gift and Estate Taxes: Your Complete Guide
Gift and estate taxes are integral components of the federal transfer tax system, intricately linked and impacting the transfer of wealth...
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bedilia8
- 6 days ago
- 2 min
December 2023 Business and Individual Due Dates
Business Due Dates December 1 - Employers During December, ask employees whose withholding allowances will be different in 2024 to fill...
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bedilia8
- Nov 27
- 2 min
Strategic Year-End Tax Planning: Maximizing Benefits for Businesses in 2022-2023 and Beyond
As the year-end swiftly approaches, along with the festive season, it's prudent to divert your attention momentarily from holiday...
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bedilia8
- Nov 20
- 2 min
IRS Introduces Withdrawal Option for Ineligible ERC Claims Amid Ongoing Scrutiny
The IRS has introduced a withdrawal option aimed at assisting small business owners and individuals who may have been coerced or misled...
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bedilia8
- Nov 13
- 2 min
A Comprehensive Guide to Purposeful Estate Planning for Baby Boomers
The baby boomer generation, born between 1946 and 1964, is entering a crucial phase that underscores the need for meticulous estate...
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bedilia8
- Nov 6
- 2 min
Breaking Down the 2024 State Business Tax Climate Index: Key Insights for Business Owners
The 2024 State Business Tax Climate Index from the Tax Foundation deeply evaluates the competitiveness of tax systems in all 50 U.S....
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bedilia8
- Oct 30
- 1 min
November 2023 Business and Individual Due Dates
Business Due Dates November 13 - Social Security, Medicare, and Withheld Income Tax File Form 941 for the third quarter of 2023. This due...
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bedilia8
- Oct 30
- 2 min
Strategic Importance of Milestones and Responsibilities in Early-Stage Advisor Agreements
In the fast-paced realm of startups, venturing into uncharted territories is par for the course. Amid the fervor of creating the next big...
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bedilia8
- Oct 23
- 2 min
IRS Offers Withdrawal Option for Dubious ERC Claims
Despite multiple warnings, many business owners have been misled into filing ineligible Employee Retention Credit (ERC) claims. To...
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bedilia8
- Oct 16
- 2 min
Maximizing Tax Benefits: Understanding Accountable Plans for Employers and Employees
Navigating the complexities of tax laws can be a daunting task, especially when it comes to often-overlooked strategies like Accountable...
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bedilia8
- Oct 9
- 3 min
Navigating Federal Reserve Rate Hikes: Implications for Startup Interest Rates
In July 2023, the Federal Reserve opted to increase interest rates, setting the benchmark federal funds rate within a range of 5.25% to...
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bedilia8
- Oct 2
- 2 min
Maximizing Home Sale Gains: The Power of Keeping Improvement Records
When the selling price, after accounting for expenses, exceeds the original cost of one's primary home, any resulting gain would...
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bedilia8
- Sep 27
- 3 min
October 2023 Business and Individual Due Dates
Business Due Dates October 16 - Corporations File a 2022 calendar year income tax return (Form 1120) and pay any tax, interest, and...
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bedilia8
- Sep 25
- 2 min
IRS Implements Urgent Halt on New Employee Retention Credit Processing
Business owners are urged to exercise caution when applying for the Employee Retention Tax Credit (ERTC), as many may not qualify. The...
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bedilia8
- Sep 18
- 3 min
Navigating Start-up and Organizational Costs for Your New Business
Embarking on a business venture can be both exciting and daunting for any aspiring entrepreneur. However, a well-structured step-by-step...
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bedilia8
- Sep 11
- 2 min
Partners May Not Be Employees
If your partnership has been treating you and other partners as employees of a disregarded entity owned by the partnership so the...
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bedilia8
- Sep 4
- 3 min
Using the Home Sale Gain Exclusion for More than Just Your Home
With careful planning, and provided you follow the rules, the tax code allows you to use the home sale gain exclusion every two years....
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bedilia8
- Aug 28
- 6 min
Tax Issues When Converting a Rental to Your Personal Residence
Deductions When a Rental Property Is Converted to a Personal Residence Converting a rental property to a personal residence raises unique...
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bedilia8
- Aug 28
- 4 min
September 2023 Business and Individual Due Dates
September 2023 Business Due Dates September 15 - S Corporations File a 2022 calendar year income tax return (Form 1120-S) and pay any tax...
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bedilia8
- Aug 21
- 3 min
Partnership, S-Corp and Trust 2022 Extensions Ending Soon
If you have the calendar year 2022 partnership, S-corporation, or trust return on extension, don’t forget the extension for filing those...
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