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2022
Small Business Tax Briefs: January 2022
In this post: Defer tax with a like-kind exchange. Businesses with employees who receive tips may be eligible for a tax credit.
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2021
Small Business Tax Briefs: December 2021
In this post: The tax implications of owning a corporate aircraft. Providing a company car? Here’s how taxes are handled. 2022 Q1 tax calendar: Key deadlines for businesses and other employers. Will the standard business mileage rate go up in 2022? Yes!
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2021
Small Business Tax Briefs: November 2021
In this post: Would you like to establish a Health Savings Account for your small business? Many factors are involved when choosing a business entity. Businesses can show appreciation — and gain tax breaks — with holiday gifts and parties. Small businesses: There still may be time to cut your 2021 taxes.
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2021
Small Business Tax Briefs: October 2021
In this post: 2021 Q4 tax calendar: Key deadlines for businesses and other employers. New per diem business travel rates became effective on October 1. Get your piece of the depreciation pie now with a cost segregation study. Employers: The Social Security wage base is increasing in 2022.
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2021
Small Business Tax Briefs: September 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. M&A transactions: Be careful when reporting to the IRS.
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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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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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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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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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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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