Tax Archives - Page 29 of 31 - HW&Co. CPAs and Advisors

Businesses can utilize the same information IRS auditors use to examine tax returns

By: David M. Reape

The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into what the IRS is […]

It’s a good time to buy business equipment and other depreciable property

By: David M. Reape

There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified […]

M&A transactions: Avoid surprises from the IRS

By: Kate Protsenko-Blake CPA

If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the […]

Bartering: A taxable transaction even if your business exchanges no cash

By: David M. Reape

Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that the fair market […]

Which entity is most suitable for your new or existing business?

By: Ed Decker

The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under […]

2019 Q3 tax calendar: Key deadlines for businesses and other employers

By: David M. Reape

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may […]

Hiring this summer? You may qualify for a valuable tax credit

By: Ed Decker

Employers: Beware of a harsh payroll tax penalty

By: Linda Zevnik CPA CSA

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make […]

Hire your children this summer: Everyone wins

By: David M. Reape

If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save […]

Tax Planning Opportunity for Small Manufacturers

By: Don May

The TCJA provides small manufacturers exemptions from the use of full absorption method of inventory costing (§471) and uniform capitalization (§263A). A small manufacturer is any manufacturer with average annual […]

Consider a Roth 401(k) plan — and make sure employees use it

By: David M. Reape

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America […]

What type of expenses can’t be written off by your business?

By: David M. Reape

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state […]

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