2,121 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
Page 40 of 89, newest first.
The TCJA capped the state and local tax (SALT) deduction at $10,000 ($5,000 married filing separately) for individual filers.
Small Business & BookkeepingWhere a business is incorporated and where it operates can have a dramatic impact on its total state tax burden. State income tax rates (2025, selected.
Small Business & BookkeepingState income taxes can add 3-13% to a business owner's effective tax rate. State income tax rates (selected, 2025):. Covers economic nexus thresholds,.
CFO & AdvisoryThe structure of a business exit decides what you keep. Sellers usually prefer a stock sale for capital gains; buyers prefer an asset sale for the step-up.
CFO & AdvisoryTransferring a business to family, a partner, or a buyer triggers capital gains, gift tax, and installment sale rules. How to structure it right.
CFO & AdvisorySuccession planning is the process of transferring business ownership to the next generation, to key employees, or to an outside buyer in a way.
Small Business & BookkeepingAn IRS audit is a review of your return and records. The statute of limitations is generally 3 years from filing (IRC 6501), with exceptions for omissions.
CFO & AdvisoryBusiness bankruptcy has significant tax consequences. Debt discharged in bankruptcy is generally excluded from income (IRC 108(a)(1)(A)).
CFO & AdvisoryIRC 1014 resets the tax basis of inherited assets to fair market value at death, eliminating unrealized capital gains. It is one of the largest estate.
Small Business & BookkeepingBusiness owners can claim the clean vehicle credit (up to $7,500 for new EVs, $4,000 for used), plus Section 179 or bonus depreciation on the vehicle.
Small Business & BookkeepingAn HSA offers the only triple tax advantage in the tax code: contributions are tax-deductible, growth is tax-free. 2025 HSA contribution limits: |.
Small Business & BookkeepingHiring family members provides significant tax benefits. Children under 18 employed by a parent's sole proprietorship are exempt from FICA (IRC.
Tax PlanningUnderstanding marginal vs. effective tax rates prevents business owners from making bad decisions to 'stay in a lower bracket.' The 2025 federal brackets.
Tax PlanningSmall business owners face multiple taxes layered on top of each other: federal income tax (10-37%), self-employment tax (15.3%), and state income tax.
Tax PlanningA business owner in the 24% bracket does not pay 24% on all income. The effective rate is always lower because income fills lower brackets first.
Small Business & BookkeepingA complete calendar of federal tax deadlines for small businesses: estimated tax payments, payroll deposits, Form 941, W-2/1099 filing, S-Corp returns.
Small Business & BookkeepingA complete calendar of federal tax filing deadlines for small businesses in 2025, including quarterly estimated taxes, payroll deposits, Form 941.
Tax PlanningFranchise businesses have unique tax considerations that differ from independent businesses, starting with the treatment of the initial franchise fee.
Tax PlanningTax credits reduce your tax dollar-for-dollar, not just your taxable income. Tax credits are fundamentally different from tax deductions.
Small Business & BookkeepingBusinesses can claim tax credits of $2,400-$9,600 per eligible hire under the Work Opportunity Tax Credit (WOTC). Covers federal and state requirements,.
Small Business & BookkeepingSeveral federal tax credits reward businesses for hiring employees from specific targeted groups. Work Opportunity Tax Credit (WOTC) targeted groups: |.
Small Business & BookkeepingThe WOTC provides a tax credit of $2,400-$9,600 per eligible new hire from targeted groups (veterans, SNAP recipients, ex-felons, long-term unemployed).
Tax PlanningSmall employers can reduce their tax liability dollar-for-dollar through several targeted credits. Small employer tax credits summary.
Small Business & BookkeepingEvery tax deadline for sole proprietors, S-Corps, C-Corps, and partnerships. Missing a tax deadline triggers automatic penalties.