IRS Resumes Processing of ERTC Claims
As appearing in IR-2024-203
Agency accelerates work on complex credit as more payments move into processing. Vigilance, monitoring continues on potentially improper claims
The Possible Tax Landscape for Businesses in the Future
Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a […]
Business Website Expenses: How They’re Handled for Tax Purposes
Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted.
But there […]
Closing a Business Involves a Number of Tax Responsibilities
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. […]
IRS Reminds Car Dealers to be Aware of Phishing Scams
(As appearing in IR 2024-186)
IRS reminds car dealers and sellers to be […]
If Your Business Has Co-Owners, Your Probably Need a Buy-Sell Agreement
Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell […]
Be Aware of the Tax Consequences of Selling Business Property
If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply. To simplify […]
Consider Borrowing From your Corporation but Structure the Deal Carefully
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s […]
2024 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers
July 15
- Employers should deposit Social Security, Medicare and withheld income taxes for June if the monthly deposit rule […]
Hiring Your Child to Work at Your Business This Summer
With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you and […]
