Small business strategy: A heavy vehicle plus a home office equals tax savings
January 16, 2025 | Jennifer Springer
Read this blog to find out how to get the tax savings from having a home office and a heavy vehicle.
Read MoreMake marketing better with a brand audit
September 1, 2022 | Brian Hare, CPA, CGMA
Many businesses have a general idea of how strong their brands are, but they’re a little light on specifics. Conducting a brand audit can reveal key insights.
Self-employed? Build a nest egg with a solo 401(k) plan
August 24, 2022 | Brian Hare, CPA, CGMA
If you run a one-person small business, you might be able to build a bigger retirement nest egg with a solo 401(k) plan. Here are the basic rules.
Home sweet home: Do you qualify for office deductions?
August 24, 2022 | Paula Kennedy, EA
Many people started working from home during the pandemic and have continued working out of home offices. Some of them qualify for home office deductions, but unfortunately, not all of them do. Here are the rules.
Evaluating an ESOP from a succession planning perspective
August 24, 2022 | Brian Hare, CPA, CGMA
Business owners: If combining an employee retirement plan with a succession planning vehicle intrigues you, check out an ESOP.
Why an LLC might be the best choice of entity for your business
August 17, 2022 | Brian Hare, CPA, CGMA
A limited liability company can give you corporate-like protection from creditors while providing the benefits of taxation as a partnership. Can it work for you?
An “innocent spouse” may be able to escape tax liability
August 17, 2022 | Paula Kennedy, EA
In some cases, a married couple files a joint tax return and one spouse is unaware of all the income of the other spouse. The spouse who is in the dark still must generally pay the tax bill even if the couple divorces. But there may be “innocent spouse” relief.
Key aspects of a successful wellness program
August 17, 2022 | Kaitria LaFleure
If your business wants to roll out a wellness program, or it already has one, be sure the initiative follows some best practices that other companies have learned over time.
Do you have an upcoming tax due for federal highway use?
August 10, 2022 | Brian Hare, CPA, CGMA
Truckers and other owners of certain heavy highway vehicles must generally file a federal highway use tax return by August 31, 2022. The tax can be paid to the IRS by filing electronically or on a paper form. This article explains the basic details about the requirement.
Is your business required to report employee health coverage?
August 10, 2022 | Brian Hare, CPA, CGMA
Form 1095-C is filed with the IRS and provided to employees of “applicable large employers” who are full-time employees. Which employers are affected and what must they do?
Estimated tax payments: Who owes them and when is the next one due?
August 10, 2022 | Paula Kennedy, EA
Self-employed taxpayers generally must make quarterly estimated tax payments. But even if you’re not self-employed, you may have to make them to avoid a penalty if you don’t have enough federal tax withheld. Here are the rules.