If you’re a partner in a business, you may have come across a situation that gave you pause. In a

Even if no money changes hands, bartering is a taxable transaction



During the COVID-19 pandemic, many small businesses are strapped for

There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation.



Beginning with tax year 2020, payers must

The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the

While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new

If you operate a small business, or you’re starting a new one, you probably know you need to keep records

The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the

Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that

The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs).



HSA basics



An HSA is a trust created or

The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program