9.27.23
Which Business Website Costs Are Deductible?
Nearly every business needs a website, but it’s not always easy to determine which costs of running one are deductible. Fortunately, established rules that generally…
9.27.23
An “Innocent Spouse” May Be Able To Escape Tax Liability
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s…
9.25.23
2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this list…
9.18.23
It’s Important To Understand How Taxes Factor Into M&A Transactions
In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s…
9.12.23
Tax Law Changes and Considerations To Keep In Mind
Effective planning for your construction business not only includes understanding the items that impact your operations but also the results that taxation on your profits…
9.12.23
Spouse-Run Businesses Face Special Tax Issues
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The Partnership Issue An unincorporated…
9.8.23
Protect Your Construction Business With Careful Project Documentation
Here’s an often-overlooked fact: Meticulous recordkeeping plays a key role in running a successful construction business. Without proper documentation, you’ll likely struggle to support your…
9.8.23
Strategic Tax-Planning Q&As for Construction Businesses
To maximize their tax savings, construction business owners need to plan year-round. Strategic tax planning is about not only knowing which credits and deductions your…
9.6.23
Update on Depreciating Business Assets
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due…
8.28.23
Green Energy Tax Credits Can Be Beneficial for Nonprofit Organizations
The Inflation Reduction Act (IRA), signed into law in August 2022, is one of the most expansive measures addressing energy efficiency and green technology in the…