Qualified small business (QSB) stock can offer valuable tax benefits for investors, and recent tax law changes have expanded those opportunities. The One Big Beautiful Bill Act increases eligibility thresholds, introduces gain exclusions for shorter holding periods and raises the per-issuer exclusion limit. This article discusses the changes and outlines what potential investors should know.
IRS audits can disrupt even well-run businesses. This article highlights five key audit risk areas for small businesses, including income reporting, deductions, losses, recordkeeping and worker classification. Understanding these issues and maintaining accurate documentation can help reduce audit exposure and support ongoing compliance.
Section 127 educational assistance programs allow employers to provide tax-advantaged education benefits for employees. Recent legislative changes have made them more valuable. This article outlines how these plans work, key compliance requirements and considerations for closely held businesses.
This article addresses the importance of a midyear tax checkup to help manage potential tax exposure and identify planning opportunities before the filing season arrives.