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Remote Employees: What to Know About Multistate Taxes
Working remotely can provide greater flexibility, expand your employment opportunities and eliminate the daily commute. However, working from a state different from where your employer is located — or spending significant time working from a…
Tax Planning Strategies for Real Estate Investors
Real estate can be an effective way to diversify an investment portfolio, generate rental income and build wealth over the long term. For many investors, however, real estate is not their primary business or occupation.…
Payroll Tax Mistakes: How to Prevent and Correct Them
Payroll is one of the most important administrative responsibilities for any small business, but it can also be one of the easiest places to make costly mistakes. Errors can result in incorrect employee paychecks, frustrated…
Two Tax Deductions Available for Teachers’ 2026 Classroom Expenses
Teachers and other education professionals often pay out of pocket for classroom supplies, books, equipment and other items needed to support their students. For 2026, eligible educators may have two opportunities to deduct qualifying unreimbursed…
Employee Fringe Benefits: Which Benefits Are Tax-Free?
Offering competitive salaries is important for attracting and retaining talented employees, but compensation is only part of the equation. A well-designed benefits package can add significant value to an employee’s overall compensation — especially when…
Too Much in a 401(k) or IRA? The Tax Risks to Know
Saving as much as possible in tax-deferred retirement accounts such as traditional 401(k)s and IRAs is often considered a smart retirement strategy. Contributions may be made with pretax dollars or may be deductible, while tax-deferred…
Bartering for Business: Understanding the Tax Rules
Bartering — exchanging goods or services without using cash — has been a common business practice for generations. Today, businesses can also use online barter exchanges to make trades easier. Bartering can offer several advantages.…
Are Disability Benefits Taxable? Understanding the Tax Rules
Disability insurance can provide an important financial safety net if an illness or injury prevents you from working. Employer-sponsored disability policies typically replace a portion of your income — often around 45% to 65% of…
Essential Tax Tips for Sole Proprietors in 2026
Many small businesses begin as sole proprietorships because this business structure is relatively simple and inexpensive to establish and operate. Unlike corporations, sole proprietors generally have direct access to their business profits without needing to…
College Tax Breaks Parents Should Know About in 2026
College and other forms of higher education can be a significant financial commitment. Many parents spend years saving for their children’s education, while others may have had limited opportunities to save or encountered unexpected financial…
How the New Markets Tax Credit Can Help Businesses Access Capital
Businesses located in economically distressed communities can face significant challenges when trying to secure funding for expansion, new equipment, real estate improvements, or other investments. The New Markets Tax Credit (NMTC) was created to encourage private investment…
Mutual Fund Tax Rules Every Investor Should Know
Mutual funds are a popular investment choice because they provide instant diversification without requiring investors to purchase individual stocks or bonds. While they offer convenience and professional management, the tax rules that apply to mutual…