Insights
Small businesses: Cash in on depreciation tax savers
As we approach the end of the year, it's a good time to think about whether your business needs to buy business ...
The importance of S corporation basis and distribution elections
S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you ...
Health Savings Accounts for your small business
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your ...
Tax responsibilities if your business is closing amid the pandemic
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we're ...
New business’ It’s a good time to start a retirement plan
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your ...
The 2021 “Social Security wage base” is increasing
If your small business is planning for payroll next year, be aware that the "Social Security wage base" is ...
Understanding the passive activity loss rules
Are you wondering if the passive activity loss rules affect business ventures you're engaged in, or might engage ...
The easiest way to survive an IRS audit is to get ready in advance
IRS audit rates are historically low, according to the latest data, but that's little consolation if your return ...
Business website costs: How to handle them for tax purposes
The business use of websites is widespread. But surprisingly, the IRS hasn't yet issued formal guidance on when ...
Employers have questions and concerns about deferring employees’ Social Security taxes
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer ...
2020 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter ...
5 key points about bonus depreciation
You're probably aware of the 100% bonus depreciation tax break that's available for a wide range of qualifying ...