Blog
07
2022
Small Business Tax Briefs: February 2022
In this post: Important tax aspects of operating your business as a sole proprietor.
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2022
Small Business Tax Briefs: January 2022
In this post: Defer tax with a like-kind exchange. Businesses with employees who receive tips may be eligible for a tax credit. Numerous tax limits affecting businesses have increased for 2022. Entrepreneurs and taxes: How expenses are claimed on tax returns. Keeping meticulous records is the key to tax deductions and painless IRS audits.
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2021
Small Business Tax Briefs: December 2021
In this post: The tax implications of owning a corporate aircraft. Providing a company car? Here’s how taxes are handled. 2022 Q1 tax calendar: Key deadlines for businesses and other employers. Will the standard business mileage rate go up in 2022? Yes!
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2021
Small Business Tax Briefs: November 2021
In this post: Would you like to establish a Health Savings Account for your small business? Many factors are involved when choosing a business entity. Businesses can show appreciation — and gain tax breaks — with holiday gifts and parties. Small businesses: There still may be time to cut your 2021 taxes.
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2021
Small Business Tax Briefs: October 2021
In this post: 2021 Q4 tax calendar: Key deadlines for businesses and other employers. New per diem business travel rates became effective on October 1. Get your piece of the depreciation pie now with a cost segregation study. Employers: The Social Security wage base is increasing in 2022.
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2021
Small Business Tax Briefs: September 2021.
In this post: Claiming a theft loss deduction if your business is the victim of embezzlement. Tax breaks to consider during National Small Business Week. Tax depreciation rules for business automobiles. M&A transactions: Be careful when reporting to the IRS.
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2021
Small Business Tax Briefs: August 2021
In this post: Is an LLC the right choice for your small business? Large cash transactions with your business must be reported to the IRS. Possible tax consequences of guaranteeing a loan to your corporation. Getting a divorce? Be aware of tax implications if you own a business. Want to find out what IRS auditors know about your business industry?
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2021
Small Business Tax Briefs: July 2021
In this post: 10 facts about the pass-through deduction for qualified business income. Who in a small business can be hit with the “Trust Fund Recovery Penalty?”. Getting a new business off the ground: How start-up expenses are handled on your tax return. The deductibility of corporate expenses covered by officers or shareholders.
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2021
Small Business Tax Briefs: June 2021
In this post: Hiring your minor children this summer? Reap tax and nontax benefits. Recordkeeping DOs and DON’Ts for business meal and vehicle expenses. 2021 Q3 tax calendar: Key deadlines for businesses and other employers. Traveling for business again? What can you deduct?
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2021
Small Business Tax Briefs: May 2021
In this post: Providing education assistance to employees? Follow these rules. Help ensure the IRS doesn’t reclassify independent contractors as employees. An S corporation could cut your self-employment tax. The IRS has announced 2022 amounts for Health Savings Accounts.
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