Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons.
An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some […]
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The […]
On 2/3/2023, the IRS issued Notice 2023-16 guidance that modifies the definitions of certain vehicle classifications for the new, previously owned and […]
The Employee Retention Tax Credit (ERTC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While […]
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate […]
On January 10, 2023, IRS news release IR-2023-03 announced that California storm […]
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 […]
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, […]
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through […]
