Self-employment tax: A refresher on how it works
November 22, 2024 | Paula Kennedy, EA
Do you need to know how self-employment tax works? Here is a quick refresher for you.
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2023 Q2 tax calendar: Key deadlines for businesses and employers
March 23, 2023 | Paula Kennedy, EA
Key tax-related deadlines for Businesses and Employers
Changes in Sec. 174 make it a good time to review the R&E strategy of your business
March 15, 2023 | Brian Hare, CPA, CGMA
Review the R&E strategy of your business due to the new tax laws that have come into effect.
Buying a new business vehicle? A heavy SUV is a tax-smart choice
March 4, 2023 | Ryan Burke, CPA, MSF
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d get from a smaller vehicle.
Do you run a business from home? You may be able to deduct home office expenses
February 22, 2023 | Brian Hare, CPA, CGMA
Running a business from home may have it’s perks when it comes to deductions on your tax returns. Read this blog to find out.
Many tax limits affecting businesses have increased for 2023
February 1, 2023 | Emma Harrison
Tax Limits that affect businesses like yours have increased for 2023 which is indexed annually and due to high inflation.
How the new SECURE 2.0 law may affect your business
January 23, 2023 | Paula Kennedy, EA
SECURE 2.0 Act may affect your small business and your employees.
The standard business mileage rate is going up in 2023
January 11, 2023 | Akila Sivakumar
Read on to see how much the new standard business mileage rate will be for 2022 Business tax returns and how to use it.
How to minimize the S corporation LIFO recapture tax
January 10, 2023 | Brian Hare, CPA, CGMA
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income that will be triggered by converting to S corporation status. We can meet to compute what the […]
What Business Owners Need to Know: Guaranteed Payments and the QBI Deduction
December 22, 2022 | Megan Kosciolek, MST
Business owners quick guide to Guaranteed Payments and QBI Deductions.
2023 Q1 tax calendar: Key deadlines for businesses and other employers
December 22, 2022 | Ryan Burke, CPA, MSF
Read to learn all about key deadlines for 2023 Q