Small Business Tax Briefs: July 2018
DO YOU QUALIFY FOR THE HOME OFFICE DEDUCTION? Under the Tax Cuts and Jobs Act, employees can no longer claim the home office deduction. If, however, you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the home office deduction may still be available to […]
The Impact of South Dakota vs. Wayfair, Inc.
DOES YOUR BUSINESS HAVE TO BEGIN COLLECTING SALES TAX ON ALL OUT-OF-STATE ONLINE SALES? You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local governments to impose sales taxes on more out-of-state online sales. The ruling in South Dakota v. Wayfair, Inc. is welcome news for brick-and-mortar retailers, who felt previous rulings gave […]
