Use the Tax Code to Make Business Losses Less Painful
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset […]
Category: Tax
Education Benefits Help Attract, Retain and Motivate Employees
One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employers. One way to attract, […]
What If You Receive a Letter or Notification From the IRS?
Receiving a letter or notice from the IRS can be disconcerting, but don’t be alarmed. The IRS sends letters to taxpayers for a variety of reasons, including when it has questions […]
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 […]
Retirement Saving Options for Your Small Business: Keep it Simple
If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved, there are a couple of […]
IRS Dirty Dozen Part 5 – Schemes Aimed at High-Income Tax Filers, Bogus Tax Avoidance Strategies, and Schemes With International Elements
Today, we bring you the final three scams highlighted by the 2023 Dirty Dozen campaign, an annual list compiled by the IRS outlining the most common tax schemes and providing […]
The Tax Advantages of Hiring Your Child This Summer
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra […]
IRS Dirty Dozen Part 4 – Advice on Social Media, Spearphishing, and OIC Mills
Today, we continue bringing you the scams highlighted by IRS’s 2023 Dirty Dozen campaign, an annual list compiled by the IRS listing the most common tax schemes and providing taxpayers […]
IRS Dirty Dozen Part 3 – False Fuel Tax Credit Claims, Fake Charities, and Deceitful Tax Preparers
Last week, we introduced you to the IRS’s 2023 Dirty Dozen campaign, an annual list compiled by the IRS noting the most common tax schemes. The campaign provides taxpayers with […]
IRS Dirty Dozen Part 2 – Phishing, Smishing, and Fake Assistance with Online Accounts
Earlier this week, we presented the first installment of the 2023 IRS Dirty Dozen: ERC promotions. Here are two more prevalent scams from the campaign’s list for which taxpayers should […]
2023 Q2 Tax Calendar: Key Deadlines for Businesses and Employers
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this list isn’t all-inclusive, so […]
