2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022.
8 Ways to Pay Federal Taxes
The April 18 deadline for individuals to pay their federal taxes is less than a month away. Here are eight ways you can pay them.
When Should you Accelerate Income?
Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it advantageous to do the opposite? And why would you want to? One reason might be tax law changes that raise tax rates. There have been discussions in Washington about raising the corporate
The Tax Implications of Owning a Company Plane
If your business is successful and you do a lot of business travel, you may have considered buying a company plane. Of course, there are tax and non-tax implications for aircraft ownership. Let’s look at the basic tax rules.
4 Tips for Rebuilding Your Operating Reserves
The COVID-19 pandemic has driven home many lessons for nonprofits, perhaps none so much as the importance of operating reserves. If your nonprofit is among those organizations with dramatically depleted — or nonexistent — reserves, here are some steps you can take to remedy the situation. Tips for Rebuilding Your Operating Reserves Achieve buy-in. It
How to Prepare for the April 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.
How to Claim the R&D Credit Against Payroll Tax
The research and development (R&D) credit, a credit for increasing research activities, is a valuable tax break for eligible businesses.
Market Turbulence – Rates and Russia
The return of market turbulence, heightened volatility, and geopolitical uncertainty have dominated the investment landscape as we begin the year 2022. Stocks and bonds alike are firmly in negative territory for the year, while the VIX (volatility index), has nearly doubled and the bond market’s companion measure of volatility, the MOVE index, has doubled from
Small Business Recordkeeping is the Key to Tax Deductions and Painless Audits
If you own a business or are beginning one, you already know how important it is to keep track of your income and expenses. You must keep meticulous records of your costs in order to claim all of the tax deductions you are eligible for. You also want to ensure that you can defend the
What is a Like-Kind Exchange?
A Section 1031 like-kind exchange, in which you trade property rather than sell it, is one approach to defer a tax bill on gains.
What is the FICA Tax Credit?
If you own a business where tipping is customary, you may qualify for the FICA tax credit for taxes you pay on your employees’ tip income.