Married Couples Filing Separate Tax Returns: Why Would They Do It?

If you’re married, you may wonder if you should file joint or separate tax returns. Continue Reading Married Couples Filing Separate Tax Returns: Why Would They Do It?

Making Withdrawals from Your Closely Held Corporation That Aren’t Taxed as Dividends

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? Continue Reading Making Withdrawals from Your Closely Held Corporation That Aren’t Taxed as Dividends

Small businesses: There still may be time to cut your 2021 taxes

Learn how to deduct 100% of the cost of items as bonus depreciation. Continue Reading Small businesses: There still may be time to cut your 2021 taxes

2022 Tax Calendar

To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Continue Reading 2022 Tax Calendar

Keeping Meticulous Records is the Key to Tax Deductions and Painless IRS Audits

Businesses must keep records of their income and expenses. Carefully record them in order to claim the full amount of tax deductions to which you’re entitled. Continue Reading Keeping Meticulous Records is the Key to Tax Deductions and Painless IRS Audits

Entrepreneurs and Taxes: How Expenses are Claimed on Tax Returns

While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. If you’ve recently started a new business, or you’re contemplating starting one, be aware of the tax implications. Continue Reading Entrepreneurs and Taxes: How Expenses are Claimed on Tax Returns

Numerous Tax Limits Affecting Businesses Have Increased for 2022

A number of tax limits affecting businesses are annually indexed for inflation and many have increased for 2022. Continue Reading Numerous Tax Limits Affecting Businesses Have Increased for 2022

Handle Your Nonprofit’s Restricted Gifts with Care

Restricted gifts generally require a higher level of care from not-for-profits that receive them. Continue Reading Handle Your Nonprofit’s Restricted Gifts with Care

Businesses with Employees Who Receive Tips May Be Eligible for a Tax Credit

Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a valuable tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. Continue Reading Businesses with Employees Who Receive Tips May Be Eligible for a Tax Credit