If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible […]

If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record […]

The IRS’ recent declaration of a rigorous enforcement against the utilization of corporate jets has attracted widespread attention, as the […]

As reported in IR-2024-46

Using Inflation Reduction Act funding and as part of ongoing efforts […]

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. Keep in mind that this list […]

Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year […]

If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter or trade for goods and services. Bartering […]

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make […]

We are finding that, all too often, taxpayers that make Employee Retention Tax Credit (ERTC) claims by engaging a so-called “ERTC Mill” are never told of their responsibility to […]

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. […]