How to Treat Business Website Costs for Tax Purposes
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted.
Important Considerations When Engaging in a Like-Kind Exchange
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than […]
Tax Obligations if Your Business Closes its Doors
Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can […]
President Biden Signs the Inflation Reduction Act of 2022
On 8/16/22, President Biden signed into law the so-called Inflation Reduction Act of 2022 (H.R. 5376). In a statement earlier, the White House said,
How Do Taxes Factor into an M&A Transaction?
Although merger and acquisition activity has been down in 2022, there are still companies being bought and sold. If your business is considering merging […]
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, […]
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 […]
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 […]
Applying the Research Credit Against Payroll Taxes
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply […]
