10.16.23
Business Automobiles: How the Tax Depreciation Rules Work
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated,…
9.28.23
Latest Update on Employee Retention Credits
As most business owners are aware at this point, the Employee Retention Credit (ERC) is a refundable tax credit for businesses that had employees and…
9.28.23
Using a Reverse Audit To Reveal Refund Opportunities
While most states offer sales and use tax exemptions for certain purchases by manufacturers, the details can vary from state to state. Manufacturers often overlook…
9.28.23
Manufacturers: Are You Making the Most of the General Business Credit?
Generally, tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit reduces its tax liability…
9.27.23
Plan Ahead for Health Savings Accounts in 2024
The IRS has released guidance that includes the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). The benefits of HSAs include: contributions are made on…
9.27.23
IRS Delays SECURE 2.0 Roth Catch-Up Contribution Rule
The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, which was enacted in December 2022, is a game-changer in the world of retirement…
9.27.23
Safeguarding Your Critical Documents
So many of the documents we all use in our personal lives these days are digital. However, there are still many that you should retain…
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…