Depending on their filing status, taxpayers can choose itemized deductions for 2021 or take the standard deduction. Here are some tips.
Posts
October 29, 2021
What are the Itemized Deductions for 2021?
Posts
October 26, 2021
Social Security Wage Base Will Increase in 2022
If your small business is planning for payroll next year, be aware that the Social Security wage base is increasing.
Posts
October 20, 2021
How a Cost Segregation Study can Help Your Business
Because of changes to some depreciation-related tax deductions, the benefits of a cost segregation study are now larger than they were.
Posts
October 14, 2021
New 2022 Per Diem Rates Became Effective on October 1
A new 2022 per diem rate became effective October 1. Taxpayers can use these rates to substantiate expenses when traveling away from home.
Posts
October 12, 2021
2021 Q4 Tax Deadlines: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021.
Posts
October 7, 2021
Tax Breaks for Small Businesses: 5 Ways to Maximize Tax Savings
Whatever your business’s situation, taking full advantage of available tax breaks for small businesses — including temporary relief in response to the crisis — is critical.
Posts
October 5, 2021
Selling a Business? Be Careful When Reporting to the IRS
If you’re considering buying or selling a business — or you’re in the process of an M&A transaction — it’s important that both parties report it to the IRS and state …
Posts
September 23, 2021
The Value of a Small Business Valuation for your Business
If you own a business, it’s likely your most valuable asset. So it’s important to know its value. Find out with a small business valuation.
Posts
September 21, 2021
Tax Depreciation Rules for Business Vehicles
If you use a vehicle in your business, you may wonder about the tax depreciation rules. The rules are complicated, and special limitations apply.
Posts
September 16, 2021
5 Critical Issues for Your Nonprofit’s Finance Committee
The role of a nonprofit’s finance committee is probably more important now than ever Here are some of the areas your finance committee should focus on.