As many of you who trade securities know, a stock witching hour is the last hour of trading on the third Friday of each month as options and futures expire. There are triple and quadruple witching hours depending on the number of securities and markets expiring. Due to the coronavirus, we potentially have a sextuplet […]
Growing Pains: Structural Considerations for Growing Your Business
Ask any small-business owner what he sees as the major challenges to growing his business, and chances are he’ll say: winning more sales. Ask any medium- or large-business owner what her major challenges have been, however, and she’ll probably say: structural growing pains — putting into place the necessary processes and structure to accommodate a […]
Can I Still Claim my Child?
The ‘Dependent Question’ and the Complicated Answer At what point do you have to stop listing your child as a dependent on your tax return? The answer is not an easy one. Below is an introduction to the IRS rules on claiming a dependent, and how they affect your situation. You want to continue to […]
Understanding Sales Tax in the Post-Wayfair World
If your business operates in two or more taxing jurisdictions, the Supreme Court’s decision in South Dakota v. Wayfair applies to you. In June 2018, the U.S. Supreme Court decided South Dakota v. Wayfair. Since then, businesses that operate in two or more of the nation’s 10,000-plus tax jurisdictions have been struggling to understand what they need […]
How Do You Handle Multistate Taxes?
No matter where your company is headquartered, there’s a good chance you conduct business across other state borders. How do taxes work in this situation? Click through to learn about multistate taxes and how to ensure that your business is compliant. If your business is headquartered in one state, but you sell your products across […]
Tax Deadlines Reminder
Here is a short list of due date reminders for tax filings. Some of this information is very recent. Federal Calendar year-end individual tax returns are now due 15 July 2020 (instead of 15 April 2020) 1st quarter 2020 estimated tax payments are now due 15 July 2020 (instead of 15 April 2020) 2nd quarter […]