Cost Basis, There’s More to it.

When you sell securities in a taxable investment account, you have to know your “basis” in the securities to determine whether you have a gain or a loss on the sale — and the amount. Generally, your basis is the price you paid for your shares of stock or a mutual fund, adjusted for any … Continue reading Cost Basis, There’s More to it.

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Small Business Week Reminder: Startups Can Choose New Option for Claiming Research Credit

WASHINGTON –Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue Service. During National Small Business Week—April 30 to May 6—the IRS is highlighting tax benefits and resources designed to help new and … Continue reading Small Business Week Reminder: Startups Can Choose New Option for Claiming Research Credit