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Maurice La Verdure: Jun 1, 2023 10:03:03 AM
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing...
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Scott Henvey: Jun 1, 2023 9:32:11 AM
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures....
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Scott Henvey: Jun 1, 2023 9:17:30 AM
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete...
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Maurice La Verdure: May 9, 2022 3:48:29 PM
Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new...
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Scott Henvey: Mar 11, 2022 2:00:00 PM
If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it. If you’re...
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Maurice La Verdure: Mar 9, 2022 1:00:00 PM
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to...
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Maurice La Verdure: Feb 16, 2022 3:27:06 PM
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects of your...
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Scott Henvey: Jan 20, 2022 11:00:00 AM
Many employees — from retail workers to sales staffers involved in complex business-to-business transactions — receive part of their compensation...
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Scott Henvey: Jan 12, 2022 3:31:29 PM
If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit involving...
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Scott Henvey: Dec 15, 2021 11:00:00 AM
Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute a few...
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Maurice La Verdure: Dec 13, 2021 3:37:03 PM
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax deductions for the...
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Maurice La Verdure: Nov 15, 2021 11:47:35 AM
With Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business may want to show its gratitude to...
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Scott Henvey: Nov 3, 2021 10:49:46 AM
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up...
