General Tax

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Protecting Retirement Accounts During Market Volatility

Market volatility and swings can be unsettling, but they don’t have to weaken your retirement plan. Learn how a strategic blend of short-, mid-, and long-term investments, plus flexible withdrawal methods, can build financial resilience.
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Summer Business Trip Deductions

If you or your employees are heading out of town on a business trip this summer, it’s important to understand the travel deduction tax rules. To qualify, the trip must be necessary for business purposes and require an overnight stay within the U.S.
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Can You Turn a Business Loss Into Tax Relief?

Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. In some cases a business loss, within limits, may be used to reduce taxable income in later years.
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Check Your Withholding to Avoid Tax Surprises

Think your tax refund is just "extra money"? It might actually be a sign that your withholding is off, and that the IRS has been holding your money all year. Learn how to fix that now, so you’re not stuck with a surprise bill (or a missed opportunity) next April.
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Employee Educational Assistance Plan

A Section 127 educational assistance plan can be a smart investment for your business. With this tax-favored benefit, employees can finish degrees, pursue graduate study and even pay off student loan debt.
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Hire Your Child and Save Some Taxes

If you own a small business it may pay to hire your child. In addition to tax savings, you also may be able to achieve Social Security tax savings (if your business isn’t incorporated) and your child may even be able to make retirement plan contributions.
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Tax Obligations for Household Employees

Hiring nannies or housekeepers brings convenience but also labels you as an employer with household employees. As an employer. you have additional tax obligations and need to stay compliant in classifying workers correctly and navigating Social Security and unemployment taxes.
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Payroll Tax Compliance Tips for Businesses

Payroll tax compliance is crucial for small businesses. Mistakes can lead to fines, strained employee relationships, and even legal consequences. This article has tips to help you stay on track.
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IRS Appraisal Rules for Donating Non-Cash Assets

Looking to donate or gift non-cash assets? Don't do it without understanding the IRS appraisal rules first. Not following the rules could have unexpected tax complications in spite of your generosity.
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1031 Exchange: What Qualifies and Where Investors Get Tripped Up

Discover how 1031 exchanges can be a game-changer for real estate investors, offering a strategy to defer capital gains taxes while reinvesting in like-kind properties. This guide dives into the mechanics, eligibility, and potential pitfalls of executing a successful 1031 exchange.
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IRS Interest Rates Unchanged for Q2 2025

The IRS has announced that interest rates on tax overpayments and underpayments will remain unchanged for the second quarter of 2025. Individuals and businesses should take note of these rates, as they impact potential interest owed or earned on tax balances.
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What is a Fractional CFO?

VIDEO: Discover how a Fractional CFO can help your business with budgeting, forecasting, and cash flow management—expert insights from Adam Hennen at Olsen Thielen.
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Property Upgrades – Repairs vs. Improvements

Navigating the fine line between repairs and improvements on your property upgrades can significantly impact your tax liabilities. Discover how the IRS classifies these expenses, explore key safe harbors, and learn strategies to maximize your tax benefits.
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Corporate Transparency Act (CTA) Reporting Suspended

The Treasury Department has suspended the CTA filing requirement for U.S. businesses, signaling a major shift in compliance obligations. While the rule may still face legal challenges, domestic companies are no longer required to report beneficial ownership information—at least for now.
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Manufacturers: Avoid Overpaying State Sales Taxes

Manufacturers often can benefit from state sales tax exemptions. However, available exemptions sometimes vary significantly by state, so manufacturers need to stay on top of available exemptions to avoid overpaying state sales taxes.
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