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...
by Sarah Boehle Pool | May 8, 2025 | Latest News
Is your business on top of its tech stack? Like many business owners, you’ve probably received a lot of technology advice. One term you may hear frequently is “tech stack.” Information technology (IT) folks love to throw this one around while sharing their bits and...
by Sarah Boehle Pool | May 7, 2025 | Latest News
Discover if you qualify for “head of household” tax filing status When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household or qualifying widow(er). Only some people...
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...
