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.
Small businesses: Get ready for your 1099-MISC reporting requirements
Category: Posts
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 …
Making the Right Entity Choice: C Corporation vs. S Corporation
The right entity choice can make a difference in the tax bill you owe for your business. There are plenty of potentially expensive tax problems that you should assess before making …
The Basics of a Cost Segregation Study
A cost segregation study may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow.
The Facts about Health Savings Accounts
Given the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account …
Start Your Business with the End in Mind – Why Succession Planning is Important
A comprehensive strategy to get your business up and running should include planning for your own exit. As one of the founders, your departure will have a significant impact on …
Unemployment Tax: Four Tips to Control FUTA Tax
Unemployment taxes can cost your business a bundle. That is especially true if a lot of former employees file unemployment claims against your business. Fortunately, you may be …
Chosen for an IRS Audit? Here’s what you need to know
Businesses, large corporations and high-income individuals are more likely to be audited but, overall, audit rates are historically low.
How to use your Website as a Tax Deduction
It’s an easy decision to set a website up and maintain it. But determining the proper tax treatment for the costs involved isn’t so easy.