Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its 2019 tax liability.
Two Tax Breaks to Reduce 2019 Tax Liability
Month: November 2019
Meal, Travel and Entertainment Expenses: Know what’s Deductible
Business meal and travel expenses are still deductible if they qualify as legitimate business expenses, though the deduction for meal expenses continues to be limited to 50% in …
What Environmental Cleanup Expenses are Deductible?
The money you spend on environmental cleanup can be deductible, but you want to claim the maximum immediate income tax benefits possible for the expenses you incur.
How Deducting Business Losses Changed with TCJA
TCJA has placed some limitations on deducting business losses. Here’s a look at the changes in the rules and how they might affect you.
Small businesses: Get ready for your 1099-MISC reporting requirements
A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others.
What you Need to Know About Business Interest Limits
The Tax Cuts and Jobs Act (TCJA) introduced a variety of tax benefits for businesses. but it placed limits on several tax breaks, including interest expense deductions.
Who is Responsible for the 100% Penalty?
One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but …