by Ryan Burke, CPA, MSF | Jul 7, 2021 | Tax
Are you eligible to take the pass-through deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction or Section 199A deduction. It’s available to owners of sole...
by Ryan Burke, CPA, MSF | Jun 2, 2021 | Tax
If you’re a business owner and you hire your minor children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, spend time with you, save for college and learn how to manage money. And you may be able to: Shift...
by Ryan Burke, CPA, MSF | Apr 7, 2021 | Business
If you were to ask your IT staff about how tech support for remote employees is going, they might say something along the lines of, “Fantastic! Never better!” However, if you asked remote workers the same question about IT support, their response could be far less...
by Ryan Burke, CPA, MSF | Mar 30, 2021 | Tax
Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy (SUV), you may be able to benefit from lucrative tax rules for those business vehicles. Bonus depreciation Under current law, 100% first-year bonus depreciation...
by Ryan Burke, CPA, MSF | Mar 4, 2021 | Tax
Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a tax credit known as the Work Opportunity Tax Credit (WOTC) that’s worth as much as $2,400...
