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 […]
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). […]
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 […]
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 […]
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 […]
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 […]
To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can […]
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating […]