Small Business Tax Briefs- Year End Edition 2
ACCRUAL-BASIS TAXPAYERS: THESE YEAR-END TIPS COULD SAVE YOU TAX With the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why? Deductions save more tax when rates are higher. Timing income and […]
Small Business Tax Briefs- December Edition
IS YOUR BUSINESS A GHOST TOWN THIS TIME OF YEAR? GETTING AROUND THE $25 DEDUCTION LIMIT FOR BUSINESS GIFTS At this time of year, it’s common for businesses to make thank-you gifts to customers, clients, employees and other business entities and associates. Unfortunately, the tax rules limit the deduction for business gifts to $25 per […]
