Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants...

Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets...

Do you own a growing, unincorporated small business, and are you concerned about high self-employment (SE) tax? The SE tax is how Social Security and...

As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for...

Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A...

If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter or trade for goods and services. Bartering...

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new...

Here are some key tax-related deadlines for businesses and other employers during the third quarter of 2021. AUGUST 2: Employers report income tax...