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✕November 12, 2019
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim […]
November 11, 2019
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report […]
November 8, 2019
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions for the […]
November 5, 2019
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level). […]
November 4, 2019
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over […]
September 12, 2019
In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The purpose of these letters is […]
July 15, 2019
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware […]
July 11, 2019
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social […]
February 16, 2019
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 […]
February 14, 2019
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments […]
February 8, 2019
There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay […]
February 6, 2019
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest […]