4 min read
Should You Switch Your Business to C Corp Status?
Thanks to the Tax Cuts and Jobs Act (TCJA), the federal income tax rate on C corporations is now a flat 21%, for tax years beginning in 2018 and...
Business Owners & Entrepreneurs (9)
2 min read
Own a Business? An Exit Strategy Should Be Part of Your Tax Planning
Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks...
1 min read
Which Tax-Related Limits Affecting Your Business Are Increasing in 2019?
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some of the...
2 min read
Is There Still Time to Pay 2018 Bonuses and Deduct on 2018 Return?
There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee...
2 min read
6 Last-Minute Tax Moves for Your Business
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute...
2 min read
When Holiday Gifts & Parties Are Deductible or Taxable
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday...
2 min read
It’s Not Too Late: You Can Still Set up a Retirement Plan for 2018
If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up a tax-advantaged retirement plan,...
1 min read
Reduce 2018 Tax Liability - Buy Business Assets Before Year End
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses.
1 min read
Remember to Include Intellectual Property in Your Estate Plan
If your estate includes forms of intellectual property (IP), such as patents and copyrights, it’s important to know how to address them in your...
2 min read
Tax-Free Fringe Benefits: Help for Your Businesses & Employees
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also...
2 min read
Will a Cost Segregation Study Help Your Business Accelerate Depreciation Deductions?
Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It...
2 min read
Businesses Aren’t Immune to Tax Identity Theft
Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming...
2 min read
Be Sure Your Employee Travel Expense Reimbursements Pass Muster with the IRS
Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and retain employees. If you...