Giving Gifts and Throwing Parties Can Help Show Gratitude and Provide Tax Breaks
During this holiday seasons, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday […]
A Company Car is a Valuable Perk But Don’t Forget About Taxes
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk […]
There May Still Be Time to Reduce your Small Business 2023 Tax Bill
In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your […]
Unclaimed Property Voluntary Compliance Program Now Available in California
California AB 2280 established a new Unclaimed Property Voluntary Compliance Program that waives interest for taxpayers who voluntarily come into compliance with unclaimed
Tax Basics for Setting up a Businesses
As reported via IRS Tax Tip 2023-103 9/5/2023
Starting a new business can seem overwhelming for new entrepreneurs or […]
Employment Tax Considerations When Hiring Parents or Children
As reported via IRS Fact Sheet 2019-14 in October 2019
One of the advantages of someone running […]
An Offer in Compromise Can Help Certain Taxpayers Resolve Tax Debt
As reported via IRS Tax Tip 2023-58 on 4/27/2023
When a taxpayer can’t pay their full tax […]
Tax Responsibilities When Closing a Business
As reported via Tax Tip 2022-122 on 8/10/2022
There are a […]
Key 2024 Inflation-Adjusted Tax Parameters for Small Businesses and their Owners
The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and […]
IRS Outlines Withdrawal Process for Employee Retention Tax Credit (ERTC) Claims
As reported via IR-2023-193 on 10/19/2023
Special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing, scams
