by Megan Kosciolek, MST | Jun 20, 2022 | Tax
There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends received by a corporation. As a result, a corporation will typically be...
by Megan Kosciolek, MST | Jun 13, 2022 | Tax
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you to convert your traditional IRA to a Roth IRA at a lower tax cost....
by Megan Kosciolek, MST | May 3, 2022 | Business
Among the many lasting effects of the pandemic is that some businesses are allowing employees to continue working from home — even now that the most acute phases of the public health crisis seem to be over in some places. This decision is raising some interesting...
by Megan Kosciolek, MST | Apr 5, 2022 | Tax
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by...
by Megan Kosciolek, MST | Mar 2, 2022 | Tax
If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on a business trip. The rules for deducting a spouse’s travel costs are very restrictive. First of all, to qualify, your spouse...
