COVID-19 Updates

Office Locations & Staff Search

Chardon | Mentor | Twinsburg | Middlefield | Burton

Refund Tracker Make a Payment Client Portal Contact Us

Refund Tracker Make a Payment Client Portal Contact Us

News

Select a Category

Tax Advice Small Business

Home › News

For Small Businesses: "Which Entity is Most Suitable for Me?"

June 25, 2019

In the past couple of years, major changes have been made to the taxation of both C corporations and pass-through entities (including sole proprietorships). So what’s the best
entity choice for your small business?
Tax Advice: Is an HSA Right for You?

June 21, 2019

Would you like to pay health care expenses from a tax-advantaged account? A Health Savings Account (HSA) may be right for you.
For Small Businesses: Q3 Tax Calendar Deadlines

June 17, 2019

Although you might want to enjoy the lazy days of summer, employers and businesses shouldn’t take it so easy that they miss these important Q3 2019 tax deadlines.
Tax Advice: Why Donating Your Vehicle May Not Be Taxwise

June 17, 2019

A tax deduction isn’t the only reason for donating a vehicle to charity. But if you’re counting on one, make sure you understand the rules. You may wind up with a small deduction
or none at all.
For Small Businesses: Beware a Harsh Payroll Tax Penalty

June 13, 2019

If payroll taxes withheld from employees’ paychecks aren’t remitted to the federal government, a severe tax penalty can be personally imposed on “responsible” individuals.
For Small Businesses: Hiring This Summer? You May Qualify for a Valuable Tax Credit

June 12, 2019

New hires from certain disadvantaged “targeted” groups may qualify your business for the Work Opportunity Tax Credit. Here’s an overview of this potentially valuable tax break,
including how it’s calculated.
Tax Advice: Considering Retired to Another State? Consider Taxes

June 12, 2019

Many people dream of retiring to another state to take advantage of warm weather or to be close to loved ones. But before you call the moving truck, consider the impact of state and local taxes.
Tax Advice: Though Chances of IRS Audit Are Down, Be Prepared

June 6, 2019

An IRS audit may be nothing to lose sleep over. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest audit statistics, as well as some tips on how to survive an IRS examination.
For Small Businesses: Tax-Smart Domestic Travel

June 5, 2019

Are you going on a business trip within the United States this summer? You might be able to add on some vacation days and deduct some of your expenses.
For Small Businesses: Hire Your Children This Summer, Everyone Wins

June 5, 2019

Are you a business owner with teenage or college-age children who constantly need money? Make them earn the money by hiring them. You can save taxes and reap other benefits.
Tax Advice: Now's a Good Time to Check Your Withholding

June 5, 2019

If you were shocked by a bigger tax bill in 2019, you might not be having the right amount of tax withheld from your paycheck. We’ll tell you how to avoid this next year.
Infographic: How Valuators Adjust a Financial Picture

May 29, 2019

Sometimes professional valuators tweak financial statements before using them to appraise a business. Here are three common types of adjustments.
Tax Advice: Selling Your Home? Consider These Tax Implications

May 16, 2019

Are you selling your principal residence? You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.
For Small Businesses: Consider a Roth 401(k) Plan — and Make Sure Employees Use It

May 16, 2019

A Roth 401(k) can be a valuable retirement savings option to add to your company’s benefits package. But make sure employees use it.
Tax Advice: Check on Your Refund — and Learn Why the IRS May Not Send It

May 9, 2019

In most cases, refunds are routinely sent to taxpayers within a few weeks. However, there may be delays, or, in worst-case scenarios, refunds may be applied to debts owed to the federal or state governments.
For Small Businesses: What Expenses Can't You Write Off?

May 8, 2019

If you spend money in the course of doing business, you want to be able to write it off on your tax return. But in order to be deductible, expenses must meet certain requirements. Here are the rules.
For Small Businesses: On Handling Worker Classification

May 8, 2019

Failure to properly treat workers as independent contractors can be an expensive mistake for employers. Take a look at ways to proactively plan ahead.
Tax Advice: Plug in Savings for Electric Vehicles

May 5, 2019

Are you interested in joining the growing ranks of plug-in electric vehicle owners? Find out about the federal income tax credit you might be able to claim.
For Small Businesses: How Entrepreneurs Must Treat Expenses

April 23, 2019

Starting a new business can be a hectic, exciting and expensive time. Be aware that not all start-up expenses can be deducted on your tax return right away. Some may have to be amortized over time.
Infographic: Need a Vacation?

April 23, 2019

Fun fact: Tacking vacation days onto a deductible business trip.
Tax Advice: 3 Questions You May Have After Filing Your Return

April 23, 2019

Just because your tax return has been filed doesn’t mean you don’t still have questions. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.
For Small Businesses: On Deducting Business Meal Expenses Today

April 15, 2019

The treatment of food, beverage and entertainment expenses became more complicated after the Tax Cuts and Jobs Act. Here’s how to get the biggest tax-saving bang for your business meal bucks.
Tax Advice: Seniors, Medicare Premiums Could Lower Your Tax Bill

April 12, 2019

If you’re covered by Medicare, you know it can be confusing. You may not know that, if you qualify, you can deduct the cost of premiums, along with other medical costs, on your tax return. But it can be tough to qualify.
For Small Businesses: Divorcing? Heed Tax Implications

April 12, 2019

Like many major life events, divorce can have major tax implications. And if you own a business, the stakes are higher.
For Small Businesses: How Taxes Factor into an M&A Transaction

April 12, 2019

Buying or selling a business may be the most important transaction you ever make. So it’s important to seek professional tax advice as you negotiate. After a deal is done, it may be too late to get the best tax results.

« Previous 25 Next 25 »

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

BBB

All Rights Reserved 2021, NMS, Inc. | Privacy | Admin Login | Digital Marketing & Paid Search Advertising by Alt Media Studios