Update on depreciating business assets

Update on depreciating business assets

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments for 2023 were big. Here are the numbers that small business owners need to...
The advantages of using an LLC for your small business

The advantages of using an LLC for your small business

If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a new business and want to know your options for setting it up. Here are the basics of...
What employees need to know about income tax withholding

What employees need to know about income tax withholding

When you start a new job, there are several forms you have to fill out for payroll and tax purposes. One of the most important is the W-4, or Employee’s Withholding Certificate. The W-4 tells your employer how much of your paycheck to withhold for federal income...