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For Small Businesses: Use the Tax Code to Make Losses Less Painful

May 18, 2023

You may have a net operating loss for your business if your deductions for the year are more than your income for the year. Here are the basic rules.

For Small Businesses: The Benefits of Education Benefits

May 9, 2023

An educational assistance program can be a win-win. Employees value the perk and employers can benefit from a more educated, motivated workforce. Here are the basic tax rules.

For Small Businesses: Ensuring Compensation is "Reasonable"

May 9, 2023

C corporation owners: To keep your compensation tax deductible, you need to ensure it’s “reasonable.” Otherwise, it could be deemed a dividend. Here are four steps to take.

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For Small Businesses: Retirement Savings Options (Keep It Simple)

April 18, 2023

If you’re a small business owner, you may be reluctant to set up a retirement plan because of the administrative burdens. Here are two options to consider that have far fewer requirements than traditional qualified retirement plans.

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For Small Businesses: Tax Pluses of Hiring Your Child This Summer

April 4, 2023

Thinking about hiring your high-school or college-age child to work in your business? You could reap significant tax benefits.

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Tax Advice: 2 Important Tax Deadlines Coming Up — Not Filing-Related

March 31, 2023

Of course, the deadline to file your 2022 tax return is in April. But here are a couple important tax deadlines in April for certain taxpayers.

For Small Businesses: 2023 Q2 Tax Calendar

March 30, 2023

Does this year’s April 18 filing deadline apply to your business? What additional tax deadlines are there for businesses and employers during the second quarter of 2023?

For Small Businesses: How About an S Corporation?

March 29, 2023

There are several choices of entities for a new business venture. What about an S corporation? Here are the advantages.

For Small Businesses: Changes Make It Time to Review Your R&E Strategy

March 21, 2023

A tax law that passed in 2017 makes a major change to Section 174 research and experimental (R&E) expenses. Here’s what it might mean for your 2022 business tax return being filed this year.

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For Small Businesses: Protect Your Advertising Expenses

March 6, 2023

How does a business know if advertising and marketing expenses are “ordinary and necessary” so they can be deducted on its tax return? Here’s a look at the issue.

For Small Businesses: New Vehicle? Consider a Heavy SUV

March 1, 2023

Are you a business owner thinking about buying a vehicle to use in your enterprise? Here’s an option that may save you taxes this year.

For Small Businesses: You May Be Able to Deduct Office Expenses

February 23, 2023

If you’re a business owner who works from home, you may be able to save tax with home office deductions. Here are the rules to qualify.

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For Small Businesses: Key Tax Issues in M&A Transactions

February 15, 2023

Pay attention to taxes if you’re buying or selling a business. After a transaction is complete, it may be too late to get the best tax results.

For Small Businesses: Taxes If Your Employees Get Tips

February 12, 2023

Here are some tax tips for businesses with employees who receive tips.

For Small Businesses: Many Business Tax Limits Have Increased

February 1, 2023

For 2023, high inflation has increased the adjustments the IRS makes annually to certain tax provisions. Here’s how much your employees can contribute to a 401(k) and an HSA this year, as well as other important business tax amounts.

For Small Businesses: How the New SECURE 2.0 Law May Affect Your Business

January 21, 2023

You’ve probably heard about the new SECURE 2.0 law. Here’s what it might mean for your business.

For Small Businesses: Be Wary of ERC Claims That Are Too Good To Be True

January 9, 2023

Have you heard ads on TV telling businesses how they can claim a huge Employee Retention Credit? It might be possible for some employers but it also might be too good to be true.

For Small Businesses: The Standard Business Mileage Rate Is Going Up in '23

January 4, 2023

The price of gas is lower than it was a year ago. How does this affect the amount your business can deduct for business driving in 2023? You might be surprised.

For Small Businesses: 2023 Q1 Tax Calendar Deadlines

December 21, 2022

Friends with small businesses — please feel free to visit this link for a quick breakdown of the various tax-related deadlines coming up in 2023's first quarter.

For Small Businesse: What Makes Intangible Assets So Complicated?

December 6, 2022

Any transaction your business engages in involving intangible assets and their related costs should be analyzed to determine the tax implications. Here are the basic rules.

For Small Businesses: The Pros & Cons of a C Corporation

December 5, 2022

If you’re starting a new business, you may wonder if you should operate as a C corporation, an S corporation or another entity. Here’s a summary of what will happen if you choose a C corporation.

For Small Businesses: '23 Limits If You Have HSAs — or Want to Establish Them

November 22, 2022

Do you have a Health Savings Account at your business? Or are you interested in establishing one? Here are the contribution limits for next year, as compared with this year.

For Small Businesses: Closing? Here Are Your Final Tax Responsibilities

November 22, 2022

If your business is closing its doors, taxes may be the last thing on your mind. But there are a number of tax obligations that must be met when a business shuts down. Here are the basic requirements.

For Small Businesses: How to Deduct Computer Software Costs

November 14, 2022

The tax treatment of computer software costs can be more complicated than you might think. Here are the basic rules.

For Small Businesses: Inflation Means You & Your Employees Can Save More for Retirement in '23

November 6, 2022

The tax-advantaged retirement plan contribution amounts will be much higher next year than they’ve been in recent years. The reason? Inflation. Find out how much can be saved in 401(k)s, SEP plans, IRAs and more.

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