- Tax Planning to Help New Franchisees
- For new franchisees, a tax planner can help you save money, find tax credits you’re eligible for, and much more.
- 7 Different Types of Income Streams for Your Business
- One way to grow your business is to diversify with different income streams. Having more than one income stream – active or passive – helps keep you open for business if something goes wrong.
- President Biden’s American Families Plan Would Give IRS Authority to Regulate Tax Preparers
- Along with benefits for children and families, the American Families Plan also proposes changes to the Treasury and expanded authority over tax preparers for the IRS.
- Video tip: New Benefits for American Education in Biden's Proposed Plan
- Biden's newly proposed American Families Plan may bring great opportunities for students and teachers in higher educations. Watch the video for details.
- Are You at Risk for A Trust Fund Penalty?
- When an employer withholds Social Security and income taxes from an employee, those funds are the property of the government, and the employer must hold those funds in “trust” until the funds are turned over to the government. Failure to do so could lead to the so-called trust fund penalty, which is equal to 100% of the withholding from the employees’ wages. The penalty applies to any willful failure to collect, account for and pay over Social Security and income taxes required to be withheld from employee wages.
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