by Megan Kosciolek, MST | Dec 14, 2023 | Blog, Business, Tax, Uncategorized
The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good time to review the tax rules associated with these expenses. Are they tax...
by Megan Kosciolek, MST | Nov 22, 2023 | Blog, Tax, Uncategorized
The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers. Most of the federal income tax rate bracket thresholds are about 5.4% higher than for 2023. That means that you can generally have about 5.4% more income...
by Megan Kosciolek, MST | Nov 15, 2023 | Blog, Business, Tax, Uncategorized
Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes...
by Megan Kosciolek, MST | Nov 9, 2023 | Blog
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock option awards. The reason: Options can lose most or all of their value if the price of the underlying stock takes a...
by Megan Kosciolek, MST | Oct 30, 2023 | Blog, Business, Tax, Uncategorized
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income above this threshold aren’t subject to Social Security tax....
