How to Withdraw Cash from your Corporation
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as […]
The Right Retirement Plan for Your Business
If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored retirement plan for yourself […]
Tax Implications of Company Cars
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions […]
Should You Elect S Corporation Status?
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level). Self-employed people […]
Steps to Take if an SSA No-Match Letter is Received
What should you do if an SSA no-match letter is received by your business? In the past few months, many businesses and employers nationwide have received “no-match” […]
Q4 2019 Business Tax Calendar
Here are some of the key tax-related deadlines affecting businesses and other employers to add to your Q4 2019 business tax calendar. Keep in mind that this […]
IRS is Targeting Virtual Currencies Used in Business Transactions
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about how they […]
Home Office Deduction Reviewed
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax […]
IRS “Audit Techniques Guides” Available to Taxpayers
The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into what […]
A Good Time to Buy Business Equipment
There’s good news about the §179 depreciation deduction for business property. The election has long provided a tax windfall to businesses. This is because […]
