Tax Archives - Page 26 of 30 - HW&Co. CPAs and Advisors

Small business owners still have time to set up a SEP plan for last year

By: David M. Reape

Do you own a business but haven’t gotten around to setting up a tax-advantaged retirement plan? Fortunately, it’s not too late to establish one and reduce your 2019 tax bill. […]

Determine a reasonable salary for a corporate business owner

By: David M. Reape

If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. […]

Do you run your business from home? You might be eligible for home office deductions

By: David M. Reape

If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you […]

Do you want to go into business for yourself?

By: David M. Reape

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity. 1. You may qualify for the […]

How taxes affect your nonprofit’s donors

By: David M. Reape

The deductibility of most charitable gifts hasn’t changed since the passage of the Tax Cuts and Jobs Act, but some recordkeeping requirements have. Helping your donors who itemize deductions understand […]

Do your employees receive tips? You may be eligible for a tax credit

By: David M. Reape

Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving the Social Security and Medicare […]

Numerous tax limits affecting businesses have increased for 2020

By: David M. Reape

An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your […]

New rules will soon require employers to annually disclose retirement income to employees

By: David M. Reape

As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of the provisions of the SECURE Act […]

New law provides a variety of tax breaks to businesses and employers

By: David M. Reape

While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. […]

Wayfair revisited — It’s time to review your sales tax obligations

By: George Timoteo CPA

In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding the power of states to collect sales tax from remote […]

The Disaster Act Repeals “parking tax” for Tax Exempt Organizations

By: David M. Reape

Senate passed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (commonly referred to as the Disaster Act,) on Thursday, December 19th. The Disaster Act: Repeals the requirement of […]

Small Businesses: It may not be not too late to cut your 2019 taxes

By: David M. Reape

Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still have time to execute a few strategies, including: Buying assets.Thinking […]

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