The federal income tax treatment of business entities has changed dramatically under the new tax law. For tax years beginning after December 31, 2017, C corporations will pay a 21% flat tax rate. Meanwhile, income from pass-through businesses will still be taxed at the owners’ rates but owners will get a valuable new tax deduction. So which type of entity is best under the new rules?

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There’s more to the new tax law for businesses than just lower income tax rates. Here’s an overview of some lesser-known business tax provisions, including an explanation of some complex changes that pass-through entities will face under the new law.

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Suffering a disability so severe that you are unable to work may seem remote, but unfortunately, it is a distinct possibility. Here’s an explanation of how an individual disability insurance policy can provide added protection, along with some information about how disability benefits are taxed.

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Do you have a traditional IRA? You may have wondered whether you should take money out of it when financial needs come up. If you are under age 59 1/2, there’s generally a 10% penalty for early withdrawals — in addition to any regular income tax on the amount. However, there are exceptions to the penalty, as explained in this article.

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Employees who drive their own cars on business can save your company the cost of owning or leasing a fleet as well as eliminate having to account for personal versus business use or worry about non-employees driving the vehicles. But there are liability consequences and you need to take steps to protect your business. This article shows you how.

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