Can Individual Taxpayers Deduct Vehicle Expenses?
It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them in certain circumstances. Unfortunately, under current law, […]
2022 Q3 Tax Calendar for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, […]
Measuring Residual Value for the Discounted Cash Flow Method
When valuing a business using the discounted cash flow method, residual (or terminal) value is a key component. The International Valuation Glossary — Business Valuation defines residual […]
Five Tax Implications of Divorce
Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be addressed to […]
Partially Empty Offices Can Be Fertile Ground For Theft
If most of your employees have worked from home since the start of the pandemic or are only gradually transitioning back to onsite work, […]
IRS Issues Mid-Year Business Mileage Rate Increase
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide price of […]
Your Estate Plan: Don’t Forget About Income Tax Planning
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal […]
Is Your Corporation Eligible for the Dividends-Received Deduction?
There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an […]
Valuing ESOPs
Employee stock ownership plans (ESOPs) provide tax-saving opportunities for business owners who want to cash out and transfer ownership to employees without immediately giving up control of […]
