by Sarah Boehle Pool | Jul 21, 2021 | Latest News
Plan ahead for the 3.8% Net Investment Income Tax High-income taxpayers face a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact. The NIIT applies to...
by Sarah Boehle Pool | Jul 19, 2021 | Latest News
An S corporation could cut your self-employment tax If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by...
by Sarah Boehle Pool | Jul 12, 2021 | Latest News
Help ensure the IRS doesn’t reclassify independent contractors as employees Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax purposes. If the IRS...
by Sarah Boehle Pool | Jul 8, 2021 | Latest News
Are you ready for the return of trade shows and other events? It’s happening. With vaccination rates rising and the more severe effects of the pandemic trending downward, several industries have announced in-person trade shows for later this year. Meanwhile, over the...
by Sarah Boehle Pool | Jul 5, 2021 | Latest News
Providing education assistance to employees? Follow these rules Many businesses provide education fringe benefits so their employees can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis, up to $5,250 each year from his...
