When can you deduct business meals and entertainment?
December 4, 2024 | Paula Kennedy, EA
Meals and entertainment- have you been wondering what the new regulations are for deducting them from your business taxes?
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Pay attention to the tax rules if you turn a hobby into a business
May 8, 2024 | Caleb Pulst
Want to turn your hobby into a business? Pay attention to the tax rules and how to make your hobby qualify as a business by the IRS.
Don’t have a tax-favored retirement plan? Set one up now
April 17, 2024 | Janet Kanan, EA
If you don’t have a tax-favored retirement plan, read this article and learn how to set one up and which one is right for you.
Bartering is a taxable transaction even if no cash is exchanged
March 20, 2024 | Brian Hare, CPA, CGMA
If you barter and no cash is exchanged this is still taxable. Read this blog to find out the ins and outs of bartering.
Better tax break when applying the research credit against payroll taxes
March 5, 2024 | Megan Kosciolek, MST
How to get a better tax break by applying the research credit against payroll taxes.
Tax-wise ways to take cash from your corporation while avoiding dividend treatment
February 28, 2024 | Brian Hare, CPA, CGMA
5 ways to avoid dividend treatment when taking cash from your corporation.
Taking your spouse on a business trip? Can you write off the costs?
February 22, 2024 | Ryan Burke, CPA, MSF
Taking a business trip and want to take your spouse? You may be able to write off some of the costs. Read more to find out.
What’s the best accounting method route for business tax purposes?
February 15, 2024 | Kimberly Cosens
Cash or accrual accounting methods? Which one is better for your business considering tax purposes? Read the blog to find out.
Update on IRS efforts to combat questionable Employee Retention Tax Credit claims
February 7, 2024 | Ryan Burke, CPA, MSF
Questionable employee retention tax credit claims are still being weeded out through the IRS. Make sure you are aware of the qualifications to claim these credits.
Should your business offer the new emergency savings accounts to employees?
February 7, 2024 | Paula Kennedy, EA
There is a new emergency savings account that you can now offer your employees called the PLESA. Read on to discover all about it and who will qualify.
Tax-favored Qualified Small Business Corporation status could help you thrive
January 17, 2024 | Brian Hare, CPA, CGMA
Check to see if you are eligible for Qualified Small Business Corporation Status. This is tax-favored.