New hires from certain disadvantaged “targeted” groups may qualify your business for the Work Opportunity Tax Credit. Here’s an overview of this potentially valuable tax break, including how it’s calculated.

Many people dream of retiring to another state to take advantage of warm weather or to be close to loved ones. Before you call the moving truck, consider the impact of state and local taxes.

Does achieving two goals with one estate planning vehicle sound good to you? If so, a charitable lead trust might be right for your family.

If payroll taxes withheld from employees’ paychecks aren’t remitted to the federal government, a severe tax penalty can be personally imposed on “responsible” individuals.

If your business has placed (or will place) passenger automobiles (including light trucks and vans) into service for 2019, listen up! The IRS recently has released depreciation limits for these vehicles.

Are you a business owner with teenage or college-age children who constantly need money? Make them earn the money by hiring them. You can save taxes and reap other benefits.

An attractive fringe benefit for some employees is an employer-provided vehicle that can be used for business and personal use. The IRS recently issued guidance on how to value the personal use of such vehicles to include the amount in an employee’s income.

Are you selling your principal residence? You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.

A Roth 401(k) can be a valuable retirement savings option to add to your company’s benefits package. But make sure employees use it.

Express your medical preferences in the event you become incapacitated using two key documents: a living will and a health care power of attorney.

How well are your lean improvement efforts working out? You probably won’t find the answer in your traditional financial statements. Here’s an accounting method that’s designed to complement lean manufacturing.