by Sarah Boehle Pool | May 22, 2025 | Latest News
How companies can spot dangers by examining concentration At first glance, the word “concentration” might seem to describe a positive quality for any business owner. You need to concentrate, right? Only through laser focus on the right strategic goals can your company...
by Sarah Boehle Pool | May 21, 2025 | Latest News
Understanding the “step-up in basis” when inheriting assets If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood — tax benefit called the step-up in basis. Below is an overview of how the rule works and...
by Sarah Boehle Pool | May 19, 2025 | Latest News
Turn a summer job into tax savings: Hire your child and reap the rewards With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them on the payroll?...
by Sarah Boehle Pool | May 15, 2025 | Latest News
Businesses considering incorporation should beware of the reasonable compensation conundrum Small to midsize businesses have valid reasons for incorporating, not the least of which is putting that cool “Inc.” at the end of their names. Other reasons include separating...
by Sarah Boehle Pool | May 14, 2025 | Latest News
What tax documents can you safely shred? And which ones should you keep? Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the shredder or delete button, remember...
by Sarah Boehle Pool | May 12, 2025 | Latest News
Small business alert: Watch out for the 100% penalty Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from employees’ paychecks. In this situation, the IRS can assess the trust fund...
