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Bills, bills, bills! From utilities and payroll to taxes and supplies, there’s always a bill that needs to be paid when you own a small business. When cash is short, it pays to understand the differences between profits and cash flow.

Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.

1. Tax Scams are Year-Round 2. Help for Post-High School Costs 3. Uncle Sam Wants Some of Your Gambling Winnings 4. Take IRS Deadlines Seriously 5. Tax Treatment of Cryptocurrency

The federal tax rules for retirement account required minimum distributions (RMDs) are confusing and can lead to expensive tax penalties if they're not followed. Here's an overview of the rules and how they've changed under the Setting Every Community Up for Retirement Enhancement (SECURE) Act and the subsequent SECURE 2.0 law, as well as recent IRS guidance

Today's uncertain market conditions are taking a toll on some businesses — and unfortunately, some of them decide to discontinue operations. However, closing shop involves more than just turning off the lights and locking the doors. There are various income and payroll tax obligations to handle, depending on how your business is structured.

1. What Certain IRS Notices Mean 2. What Exactly is a 'Small Business?' 3. Good Records are a Must for Businesses 4. The Advanced Manufacturing Investment Credit 5. The New Corporate Alternative Minimum Tax

1. Avoid Last-Minute Tax Filing 2. Be on the Lookout for a New Fraud Scam 3. Some Tax Help with the Cost of Kids 4. What can Happen When Taxes Go Unpaid? 5. Revised Dates for Required IRA Distributions

Have you met with your tax advisor to plan for 2023? The current tax year is already half over, and many tax planning moves require some time to implement. Fortunately, you still have several months to make changes. Here are four ideas to inspire small businesses and owners to take action to lower their tax obligations for this year

Inflated grocery and energy bills are straining household budgets this year. While you can't stop inflation, there are legitimate, proactive steps you may be able to take to lower your federal income tax bill. Here are six midyear tax planning ideas for individuals to consider. But time flies, so don't delay meeting with your tax advisor to set things in motion.

Businesses may purchase life insurance policies on their employees or owners for various operational and estate-planning purposes. Proceeds from these policies may be eligible for favorable tax treatment if certain conditions are met. Do you know the tax rules regarding exclusions from income, notice and consent, and annual reporting? Here's a brief overview.

If there's a silver lining to today's inflation, it's the increase in federal gift and estate tax breaks that the IRS adjusts annually for inflation. Here's an overview of the breaks that are available for 2023 and inflation-adjusted estimates for next year. Beware: Today's favorable unified federal gift and estate tax exemption is scheduled to expire after 2025, unless Congress extends it.

Some taxpayers can look forward to receiving transitional relief from the IRS related to the required beginning dates for taking required minimum distributions from retirement plans.