Get tax breaks for energy-saving purchases this year because they may disappear
November 22, 2024 | Ryan Burke, CPA, MSF
This may be the last year to get tax breaks for energy saving purchases. Read the blog to find out more
Read MoreIRS extends relief for physical presence signature requirement
July 7, 2022 | Brian Hare, CPA, CGMA
If your business sponsors a qualified retirement plan, such as a 401(k), we have good news: The IRS has extended relief from the “physical presence” requirement related to signatures.
Vehicle expenses: Can individual taxpayers deduct them?
June 30, 2022 | Paula Kennedy, EA
Rather than keeping track of your actual vehicle-related expenses, you may be able to use a standard mileage rate to compute certain tax deductions. But when are individual taxpayers eligible to deduct vehicle-related expenses and what are the amounts for 2022?
Is your cloud provider still meeting your company’s needs?
June 30, 2022 | Ryan Burke, CPA, MSF
Just about every business stores documents and data in the cloud these days. Make sure your provider is still giving you a strong return on your investment.
2022 Q3 tax calendar: Key deadlines for businesses and other employers
June 30, 2022 | Diane Krebs
If you’re a business owner or executive, you might be taking it a little easy this summer. But don’t take it so easy that you forget about these third-quarter tax deadlines.
When hiring, don’t overlook older workers
June 24, 2022 | Diane Krebs
If your business is competing for talent in today’s tight job market, be sure to consider the many merits and potential value of older applicants.
Five tax implications of divorce
June 23, 2022 | Diane Krebs
If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider.
Businesses will soon be able to deduct more under the standard mileage rate
June 22, 2022 | Ryan Burke, CPA, MSF
Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022.
Checking in on your accounts payable processes
June 21, 2022 | Ryan Burke, CPA, MSF
No matter how big or small the business, properly managing accounts payable is critical. Here are some fundamentals to review.
Your estate plan: Don’t forget about income tax planning
June 21, 2022 | Paula Kennedy, EA
With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.
Is your corporation eligible for the dividends-received deduction?
June 20, 2022 | Megan Kosciolek, MST
The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.