Around nine months before taxes are due, many small business owners scramble to file. Over 30% of partnerships push their deadlines into fall, but this habit can backfire. Waiting until the last quarter makes cash flow unpredictable and can turn away lenders who want up-to-date financial records. T
Many seniors are missing out on a key rule for their retirement savings. They are not taking out the required minimum distributions, or RMDs, from their accounts. This oversight leads to unnecessary tax penalties. The IRS has set rules that once someone hits a certain age, they must start withdrawin
A business in Pennsylvania caught a break when the state's Board of Finance and Revenue (BFR) decided to cut some of the penalties for late sales tax payments. This wasn't a full win, though. The business still has to pay the actual tax and interest for the last quarter of 2021. The issue started wh
