by Sarah Boehle Pool | May 5, 2025 | Latest News
Are you a tax-favored real estate professional? For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct PALs only to the extent of passive income from other...
by Sarah Boehle Pool | May 1, 2025 | Latest News
Business owners should get comfortable with their financial statements Financial statements can fascinate accountants, investors and lenders. However, for business owners, they may not be real page-turners. The truth is each of the three parts of your financial...
by Sarah Boehle Pool | Apr 30, 2025 | Latest News
Deduct a loss from making a personal loan to a relative or friend Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by making a personal loan. That’s a nice thought, but there...
by Sarah Boehle Pool | Apr 28, 2025 | Latest News
6 essential tips for small business payroll tax compliance Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are six quick tips to help you stay on...
by Sarah Boehle Pool | Apr 24, 2025 | Latest News
Weighing the pluses and minuses of HDHPs + HSAs for businesses Will your company be ready to add a health insurance plan for next year, or change its current one? If so, now might be a good time to consider your options. These things take time. A popular benefits...
