How much is the standard deduction in 2023? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some Q&As about these and other tax-related amounts for 2023. Continue Reading Answers to your questions about 2023 limits on individual taxes
You’ve probably heard about the new SECURE 2.0 law. Here’s what it might mean for your business. Continue Reading How the new SECURE 2.0 law may affect your business
Pay attention to taxes if you’re buying or selling a business. After a transaction is complete, it may be too late to get the best tax results. Continue Reading Key tax issues in M&A transactions
On January 13, the Governor’s office announced that California will conform to the IRS filing extensions granted for California individual and business taxpayers impacted by recent storms. This means the Franchise Tax Board has extended filing and payment deadlines for many taxpayers in California until May 15, 2023. Continue Reading Franchise Tax Board conforms to IRS filing extensions for California storm victims
Individuals and businesses located in California may qualify for tax relief. California storm victims now have until May 15, 2023, to file various federal forms and make tax payments. Continue Reading IRS grants filing and payment extensions to California storm victims
Want to save more for retirement? You might be able to with the many changes in a new law signed on Dec. 29, 2022. Continue Reading SECURE 2.0 law may make you more secure in retirement
Tucked into the Consolidated Appropriations Act of 2023 is a package of enhanced retirement benefits, otherwise known as the SECURE 2.0 Act. Here are some of the provisions. Continue Reading SECURE 2.0: Year-end spending package tackles retirement planning and tax shelters
Businesses face a variety of tax-related deadlines in the first quarter of 2023. Here are some of them. Continue Reading 2023 Q1 tax calendar: Key deadlines for businesses and other employers
Owners of pass-through businesses may be able to save tax with the valuable QBI deduction by taking certain steps at year-end. Continue Reading Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?
If you’re starting a new business, you may wonder if you should operate as a C corporation, an S corporation or another entity. Here’s a summary of what will happen if you choose a C corporation. Continue Reading Choosing a business entity? Here are the pros and cons of a C corporation