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May
26
2020

Small Business Tax Briefs: May 2020

In this post: The CARES Act liberalizes net operating losses. Business charitable contribution rules have changed under the CARES Act. CARES Act tax breaks to help retail businesses. Fortunate enough to get a PPP loan? - Forgiven expenses aren’t deductible. IRS releases 2021 amounts for Health Savings Accounts.

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Apr
27
2020

Small Business Tax Briefs: April 2020

In this post: Answers to questions about the CARES Act employee retention tax credit. Relief from not making employment tax deposits due to COVID-19 tax credits. New COVID-19 law makes favorable changes to “qualified improvement property”. Hiring independent contractors? Make sure they’re properly classified.

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Mar
30
2020

Small Business Tax Briefs: March 2020

In this post: Work Opportunity Tax Credit extended through 2020. Determine a reasonable salary for a corporate business owner. Small business owners still have time to set up a SEP plan for last year. Coronavirus (COVID-19): Tax relief for small businesses. The new COVID-19 law provides businesses with more relief.

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Feb
10
2020

Small Business Tax Briefs: February 2020

In this post: Do your employees receive tips? You may be eligible for a tax credit. Do you want to go into business for yourself? How business owners may be able to reduce tax by using an S corporation. Do you run your business from home? You might be eligible for home office deductions.

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Jan
27
2020

Small Business Tax Briefs: January 2020

In this post: New law helps businesses make their employees’ retirement secure. New rules will soon require employers to annually disclose retirement income to employees. Cents-per-mile rate for business miles decreases slightly for 2020. Numerous tax limits affecting businesses have increased for 2020.

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Jan
17
2020

What Landlords Should Know About Taxes

Landlords need to include these rental-related payments in their gross income.

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Dec
30
2019

Small Business Tax Briefs: December 2019

In this post: Holiday parties and gifts can help show your appreciation and provide tax breaks. 2020 Q1 tax calendar: Key deadlines for businesses and other employers. Small Businesses: It may not be not too late to cut your 2019 taxes. Wayfair revisited — It’s time to review your sales tax obligations. New law provides a variety of tax breaks to businesses and employers.

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Dec
18
2019

FEDERAL TAX POSTS

Have you kept up with notifications and public messages from the IRS? Check out these recent Federal tax posts to see you may have missed.

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Nov
25
2019

Small Business Tax Briefs: November 2019

In this post: Small businesses: Stay clear of a severe payroll tax penalty. Small businesses: Get ready for your 1099-MISC reporting requirements. The tax implications if your business engages in environmental cleanup. 2 valuable year-end tax-saving tools for your business.

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Oct
28
2019

Small Business Tax Briefs: October 2019

In this post: Understanding and controlling the unemployment tax costs of your business. Setting up a Health Savings Account for your small business. Accelerate depreciation deductions with a cost segregation study. Thinking about converting from a C corporation to an S corporation?

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