The Tax Advisory Group, LLC

Thinking about lending money to a family member or friend? There may be tax implications you should understand. https://conta.cc/4c53jiU

No matter how meticulous your business is, payroll taxes can be complex. Here are six quick tips to help you stay on track. https://conta.cc/423gVXH

If you invest in the stock market, you’ve probably owned some losing shares. Here are the rules for claiming losses on your tax return for depreciated or worthless stock. https://lnkd.in/g9qEQb2U

Business owners have several options when planning for succession. Here are five to consider, along with the tax implications. https://conta.cc/4kVKHWM

If you’re commuting to work and your employer offers tax-free transportation fringe benefits, you need to read this. https://conta.cc/4iGpiij

When starting a new business, you have several entity options to consider. One option is an S corporation. Here are some of its advantages. https://conta.cc/3DtBq7y

The April 15 tax filing deadline is just around the corner. Keep in mind that it’s also the deadline for filing a gift tax return if you made large gifts last year. Find out if you must file a 2024 gift tax return and if not, why you may want to file one anyway. https://conta.cc/3QIonC3

Years ago, businesses used to be able to claim a tax deduction for most business-related interest expense. The Tax Cuts and Jobs Act changed that. Here’s the current situation. https://conta.cc/4h7LReT

The tax rules for business losses from partnerships, S corporations and LLCs can be complex. Here’s what you need to know when filing your tax return. https://conta.cc/3QpFTuY

The best way to grow your nest egg is to save for retirement today. There’s still time if you’re eligible and you didn’t contribute the maximum amount allowed in 2024 to a traditional IRA or SEP. https://conta.cc/3X63aWg