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For Small Businesses: 2 Valuable Year-End Tax-Savings Tools

December 4, 2019

How can your business save tax before year end? If you buy eligible assets and place them in service by December 31, you can claim valuable depreciation deductions. It’s a potent year-end tax planning strategy.
For Small Businesses: If Your Business Engages in Environmental Cleanup

November 21, 2019

Many businesses engage in cleaning up environmental contamination. Unfortunately, every type of environmental cleanup expense cannot be currently deducted on your tax return. Here
are the basic rules.
Infographic: 5 Ways to Trim 2019 Taxes

November 21, 2019

Does your business use an accrual-based accounting system? If so, check this out.
For Small Businesses: Get Ready for Your 1099-MISC Reporting Requirements

November 13, 2019

Has your small business paid independent contractors, vendors or others at least $600 for services during 2019? Here are the reporting requirements you may face.
For Small Businesses: Avoid a Severe Payroll Tax Penalty

November 8, 2019

Did you know you could be personally liable for a harsh penalty if payroll taxes withheld from your employees aren’t paid over to the federal government? Learn more about whom the IRS can go after at your business.
For Small Businesses: Thinking About Switching From C to S Corp?

November 3, 2019

These are several factors to consider when a business converts from C corporation to S corporation status. Here is what you should understand.
For Small Businesses: Accelerate Depreciation Deductions with a Cost Segregation Study

October 22, 2019

Cost segregation studies can yield substantial benefits, but they’re not right for every business. Learn more about how this strategy can help accelerate depreciation deductions
on the building that houses your operation.
For Small Businesses: Understanding Unemployment Tax Costs

October 22, 2019

Unemployment taxes can cost your business a bundle. That is especially true if a lot of former employees file unemployment claims against your business. Fortunately, you may be
able to reduce your unemployment tax bill.
For Small Businesses: On Setting Up an HSA

October 22, 2019

Health Savings Accounts offer a flexible, tax-advantaged option for providing health care coverage. Employers and employees can benefit. Here’s a look at what an HSA could mean
for your business.
For Small Businesses: Be Prepared for an IRS Audit

October 2, 2019

As a business owner, are you worried about being audited by the IRS? Here’s what you need to know to be prepared for an audit and respond effectively.
For Small Businesses: How to Your Treat Website Costs for Tax Purposes

September 30, 2019

Nearly every business has a website and the IRS hasn’t yet released official guidance on the tax treatment of website development costs. However, you can apply existing guidance
on other costs. Here’s the story.
For Small Businesses: 5 Ways to Withdraw & Avoid Dividend Treatment

September 30, 2019

Dividends paid out by corporations are taxable to shareholders and can’t be deducted by the corporation. But there may be ways to get cash out of your corporation without dividend
treatment. Here are five ideas.
For Small Businesses: Key 2019 Q4 Tax Deadlines

September 10, 2019

For businesses, fall means it’s time to begin year-end tax planning. It’s also time to think about the fourth quarter 2019 filing deadlines.
For Small Businesses: On Picking the Right Retirement Security

September 10, 2019

There are many retirement plan options for small business owners and their employees. Here’s a quick rundown of three of them.
For Small Businesses: The Tax Implications of a Company Car

August 28, 2019

For many business owners, a company car is a sign they’ve achieved success. Here are the basic tax breaks and tax implications involved in this fringe benefit.
For Small Businesses: Should You Elect S Corp Status?

August 20, 2019

One of the most popular business structures is the S corporation because of its liability protection and tax benefits. Could it work for you?
Infographic: Read Before You Try to Sell Your Business

August 20, 2019

Even the most successful entrepreneurs can make deal-breaking mistakes when it's time to sell their companies. To realize a fair price and terms, don't do these five things!
For Small Businesses: On the Tax Consequences of Virtual Currency

August 15, 2019

Is your small business accepting or using bitcoin or other virtual currencies yet? Familiarize yourself with the tax consequences, because the IRS is targeting users who fail to report and pay tax on transactions.
For Small Businesses: What to Do If You Receive a "No-Match" Letter

August 15, 2019

If the names and Social Security numbers on your employees’ W-2 forms don’t match the government’s records, you may receive a “no-match letter.” Here’s what these letters mean and
how to proceed.
For Small Businesses: Take a Closer Look at Home Office Deductions

August 1, 2019

If you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the home office deduction may provide a valuable tax break.
For Small Businesses: Utilize the Info the IRS Uses to Examine Tax Returns

July 22, 2019

Before conducting an audit, IRS examiners do their homework by reviewing “Audit Technique Guides.” Business owners and executives can easily read the same guides.
For Small Businesses: Time to Buy Equipment & Other Depreciable Property

July 16, 2019

The Section 179 deduction and bonus depreciation for business assets have been increased and expanded. Learn more about these valuable tax breaks.
For Small Businesses: M&A Transactions & Avoiding Surprises from the IRS

July 9, 2019

If you buy or sell business assets in an M&A deal, you’re required to report the details of the transaction to the IRS. The tax agency may then compare what both parties report to
ensure they’re identical.
For Small Businesses: Bartering, a Taxable Transaction

July 8, 2019

Business owners have been engaging in bartering transactions for hundreds of years. But if your company trades goods or services today, be aware there are tax consequences.
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?

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