News & Resources
Hobby or Business? How to Deduct Losses and Avoid IRS Challenges
Let's say you have an unincorporated sideline activity that you think of as a business, including an activity involving horses. If you have a net loss (deductible expenses exceed revenue)...
Federal Tax Updates Every Business Owner Should Know This Summer
Summer interns can help fill gaps The labor market is tight. As many employers seek summer interns to fill the gaps, it's critical to comply with federal laws, primarily the...
QBI Deduction Made Permanent Under OBBBA
Many owners of pass-through businesses and self-employed individuals have taken advantage of the Section 199A qualified business income (QBI) deduction. Created by the Tax Cuts and Jobs Act (TCJA), this...