How to Protect Yourself from Tax Season Scams
Remember: The IRS does not contact taxpayers by email, text messages, or social media channels to request personal or financial information. As tax season approaches, it’s important to stay alert […]
Category: Tax Tips
2024 Q4 Tax Deadlines: Key Filing Dates Every Business Must Know
Below are some of the key tax deadlines that businesses and employers need to be aware of for the fourth quarter of 2024. However, note that this list is not […]
Sept. 15 Estimated Tax Payment Deadline
The Internal Revenue Service issued a press release reminding taxpayers who pay estimated taxes that the third quarter payment deadline is September 15, 2023. Taxpayers who are not required to […]
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 to high inflation, the adjustments […]
Divorcing Business Owners Should Pay Attention to Tax Consequences
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership […]
Education Assistance Programs Can Help Pay Workers’ Student Loans
The Internal Revenue Service issued a news release reminding employers and employees that employers with educational assistance programs can use them to help employees pay the principal and interest on qualified student loans, […]
Maximum 2023 Educator Expenditure Deduction is $300
It’s a new school year, and the IRS is reminding teachers and other educators that they can deduct up to $300 in out-of-pocket classroom expenses for the fiscal year when […]
Taxpayers: Be Aware of Scammers Posing as the IRS
Criminals are constantly searching for novel ways to deceive innocent taxpayers. Scammers can mimic the IRS via phone or email, in person, or by mail or delivery service, wasting people’s time and money. Taxpayers can […]
2023 Q3 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 third quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may […]
4 Ways Corporate Business Owners Can Help Ensure Their Compensation Is “Reasonable”
If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: […]
Take Advantage of the Rehabilitation Tax Credit When Altering or Adding to Business Space
If your business occupies substantial space in a certified historic structure and needs to increase or move from that space in the future, you should keep the rehabilitation tax credit […]
Choosing an Entity for Your Business? How About an S Corporation?
If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of business for your new venture. […]
