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Sep
20
2021

Small Business Tax Briefs: August 2021.

In this post: Claiming a theft loss deduction if your business is the victim of embezzlement. Tax breaks to consider during National Small Business Week. Tax depreciation rules for business automobiles.

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Aug
30
2021

Small Business Tax Briefs: August 2021

In this post: Is an LLC the right choice for your small business? Large cash transactions with your business must be reported to the IRS. Possible tax consequences of guaranteeing a loan to your corporation. Getting a divorce? Be aware of tax implications if you own a business. Want to find out what IRS auditors know about your business industry?

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Jul
26
2021

Small Business Tax Briefs: July 2021

In this post: 10 facts about the pass-through deduction for qualified business income. Who in a small business can be hit with the “Trust Fund Recovery Penalty?”. Getting a new business off the ground: How start-up expenses are handled on your tax return. The deductibility of corporate expenses covered by officers or shareholders.

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Jun
28
2021

Small Business Tax Briefs: June 2021

In this post: Hiring your minor children this summer? Reap tax and nontax benefits. Recordkeeping DOs and DON’Ts for business meal and vehicle expenses. 2021 Q3 tax calendar: Key deadlines for businesses and other employers. Traveling for business again? What can you deduct?

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May
24
2021

Small Business Tax Briefs: May 2021

In this post: Providing education assistance to employees? Follow these rules. Help ensure the IRS doesn’t reclassify independent contractors as employees. An S corporation could cut your self-employment tax. The IRS has announced 2022 amounts for Health Savings Accounts.

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Apr
26
2021

Small Business Tax Briefs: April 2021

In this post: Tax advantages of hiring your child at your small business. Simple retirement savings options for your small business. Keep your network's connections strong. Know the ins and outs of “reasonable compensation” for a corporate business owner. Claiming the business energy credit for using alternative energy.

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Mar
29
2021

Small Business Tax Briefs: March 2021

In this post: Work Opportunity Tax Credit extended through 2025. Launching a small business? Here are some tax considerations. Business highlights in the new American Rescue Plan Act. Is an S corporation the best choice of entity for your business? Need a new business vehicle? Consider a heavy SUV

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Feb
22
2021

Small Business Tax Briefs: February 2021

In this post: The cents-per-mile rate for business miles decreases again for 2021. Many tax amounts affecting businesses have increased for 2021. What are the tax implications of buying or selling a business? If you run a business from home, you could qualify for home office deductions.

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Jan
25
2021

Small Business Tax Briefs: January 2021

In this post: New law doubles business meal deductions and makes favorable PPP loan changes. Can your business benefit from the enhanced Employee Retention Tax Credit? PPP loans have reopened: Let’s review the tax consequences. The new Form 1099-NEC and the revised 1099-MISC are due to recipients soon.

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Dec
28
2020

Small Business Tax Briefs: December 2020

In this post: The QBI deduction basics and a year-end tax tip that might help you qualify. Drive more savings to your business with the heavy SUV tax break. 2021 Q1 tax calendar: Key deadlines for businesses and other employers.

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