Capital Gains and Home Sales
There’s a good chance that the profit from your home sale will not be taxable. Unmarried individuals can exclude up to $250,000 in profits from capital gains tax when they …
Are Your Employees Really Employees?
Do you have employees or independent contractors? It’s not always an easy question to answer, but the IRS insists you get it right because there’s a huge difference in how …
What To Know Before Signing a Business Lease
Looking for premises for your business? Don’t be in a hurry! A business lease requires some research. You need to make sure the space works for you. Before you’re ready …
Are Financial Forecasts Reliable?
There are many types of financial forecasts, but they fall into two categories: quantitative and qualitative. To understand the pros and cons of any forecasting method, you’ll first need to …
New Employee Withholding Certificate Policy
Most states have a state income tax in addition to the federal income tax, and in some cases, certain localities have their own income taxes on top of those. Now …
IRS Offers Guidance on ERC
The IRS has issued guidance for employers regarding the retroactive termination of the Employee Retention Credit. The Employee Retention Credit now applies only to wages paid before October 1, 2021, …