Construction companies need to make the most of depreciation deductions that can reduce their tax bills.
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Make the Most of Depreciation Deductions to Reduce Your Tax Bill
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8 Accounting Tips for Sole Proprietors
Many new business owners start out operating as sole proprietors. Here are some accounting tips for sole proprietors.
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Work Opportunity Tax Credit Eligibility: What are the Rules?
A recent law extended the Work Opportunity Tax Credit for hiring individuals from one or more targeted groups. Learn about WOTC eligibility in this article.
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Latest Changes to PPP Loan Program Beneficial For Borrowers
Here are the most important things to know about the PPP loan program, second-draw loans and loan forgiveness.
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What Home Office Expenses can I Deduct?
If you’re self-employed and run your business from home, you might be able to claim deductions for home office expenses against your business income.
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How to Prepare for the May 15th Tax Filing Deadline
The April 15th tax filing deadline will be here soon. Here are some tips to help ensure you are adequately prepared and have a better tax filing experience.
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How to Structure a Merger or Acquisition Deal
If you are considering buying or selling a business, it’s important to understand the tax implications.
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Tax Limits for Businesses Increase for 2021
A number of tax limits that affect businesses are annually indexed for inflation, and many have increased for 2021.
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When Interest Rates Go Low, it’s High Time for Estate Planning
With interest rates at historic lows and the value of many assets depressed, now may be an ideal time for estate planning.
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Mileage Rate for Businesses Decreases Again for 2021
This year, the cents-per-mile rate used to calculate the deductible costs of operating a vehicle for business decreased to 56 cents per mile.