Sep 17, 2026 | Business Planning, Tax News
Seasonal and part-time employees are subject to the same federal income tax withholding, Social Security, and Medicare tax rules as other employees, advises the IRS. Employers must withhold and pay employment taxes on wages paid to these workers. It can be easy to...
Sep 10, 2026 | Business Planning, Tax News
At its core, the federal R&D tax credit was enacted in 1981 to stimulate innovation and business investment. It provides dollar-for-dollar savings tied to qualified research activities. In addition, many states now offer similar tax credits. As a result, federal...
Sep 8, 2026 | Personal Financial Planning, Tax News
If you are behind on your taxes and cannot afford to pay the full amount owed, an offer in compromise may be an option. The IRS may accept an offer in several situations. It may determine that collecting the full tax liability is unlikely, even with additional time....
Sep 1, 2026 | Estate Planning, Tax News
Trusts are a foundational estate planning tool. They allow you to establish legally binding rules for asset distribution after your death. They also provide management guidelines during your lifetime. A trust can operate continuously while you’re healthy, during...
Aug 20, 2026 | Personal Financial Planning, Tax News
It’s halfway through the year, which is a great time for taxpayers to do a quick check to make sure they’re on a smooth track for the April 15 tax filing season, advises the IRS. It’s posted the following tips: Keep good tax records. Taxpayers should keep all...
Aug 18, 2026 | Personal Financial Planning, Tax News
Health savings accounts provide employees with a smart way to save for medical expenses, even into retirement. Their triple tax benefit comes from their structure: contributions are made pretax, the money grows tax-free and withdrawals for qualified medical expenses...
