Business website expenses: How they’re handled for tax purposes

When developing your business’s website, how do you handle the expenses for tax purposes? Here are the basic rules. Continue Reading Business website expenses: How they’re handled for tax purposes

It’s time for your small business to think about year-end tax planning

We’ll be saying goodbye to 2024 in no time. Here are some year-end moves to consider that may help your small business save on taxes. Continue Reading It’s time for your small business to think about year-end tax planning

Closing a business involves a number of tax responsibilities

If your business is closing, taxes are probably not on your mind but there are a number of tax responsibilities that must be met. Here’s a rundown of the basic rules. Continue Reading Closing a business involves a number of tax responsibilities

Are you liable for two additional taxes on your income?

Higher-income folks may be subject to a couple extra taxes, in addition to federal income tax. Here’s an explanation of the 3.8% net investment income tax and a 0.9% additional Medicare tax. Continue Reading Are you liable for two additional taxes on your income?