Business owners who are self-employed usually pay their taxes in four estimated tax payments for the year. The final installment for 2019 is due on … Read more about Figuring Your Estimated Taxes for 2020
15 Fringe Benefits Your Employees Want in 2020: With a Tax Twist
A while back Unum polled employees to determine which benefits they valued most. In today’s tough job market, small employers are challenged to offer … Read more about 15 Fringe Benefits Your Employees Want in 2020: With a Tax Twist
J.K. Lasser’s Guide to Self-Employment Second Edition
The number of self-employed individuals is growing substantially. FreshBooks’ Women in the Independent Workforce, 2nd annual report says that … Read more about J.K. Lasser’s Guide to Self-Employment Second Edition
Taxes: Yesterday, Today, and Tomorrow following the Spending Measure
The massive spending measure (December tax package), Further Consolidated Appropriations Act, 2020 (H.R. 1865), which was signed into law on December … Read more about Taxes: Yesterday, Today, and Tomorrow following the Spending Measure
J.K. Lasser’s Small Business Taxes 2020
The 2020 Edition Book Review For more than 25 years, I’m proud to say my tax book for small businesses has been the go-to guide for owners and their … Read more about J.K. Lasser’s Small Business Taxes 2020
Estate Tax Planning for Business Owners
The value of an ownership interest in a business may be worth a lot by the time an owner dies. For heirs, whether this interest is diminished by … Read more about Estate Tax Planning for Business Owners
Spooky Tax Things to Frighten Anyone
Halloween is a time for children to enjoy haunted houses, ghosts, and goblins. This is fun. But there are some things left to adults that can be very … Read more about Spooky Tax Things to Frighten Anyone
Looking Ahead at Taxes for Self-Employed Individuals
Self-employed individuals Self-employed individuals are sole proprietors, independent contractors, partners, and members of limited liability … Read more about Looking Ahead at Taxes for Self-Employed Individuals
Roundup of IRS-Created Safe Harbors for Tax Savings
It’s no revelation to hear that the federal tax laws are very complicated. There are many reefs and rocky shoals. But the IRS has created a number of … Read more about Roundup of IRS-Created Safe Harbors for Tax Savings
5 Tax Recordkeeping Tricks for Vehicle and Travel Costs
One of the most tedious chores for a business is keeping all required records related to a vehicle and business travel. These records are needed for … Read more about 5 Tax Recordkeeping Tricks for Vehicle and Travel Costs
10 Things to Know about Bonus Depreciation
To run your business efficiently, you need good equipment and machinery. You may want to add to or replace what you have now. Newer versions usually … Read more about 10 Things to Know about Bonus Depreciation
QBI Deduction and Tax Savings
The Tax Cuts and Jobs Act Created a New Type of Deduction—the Qualified Business Income (QBI) Deduction This deduction is designed to lower the … Read more about QBI Deduction and Tax Savings
What Is ‘Income’ for Your Business?
Not all monetary increases in your business are treated as income for tax purposes. Separating what you feel as more wealth from what is actually … Read more about What Is ‘Income’ for Your Business?
10 Tax-Related Questions About a Company Vehicle
Most businesses use vehicles—cars, trucks, or vans—to conduct their activities. For example, on Schedule Cs for self-employed individuals in 2015 (the … Read more about 10 Tax-Related Questions About a Company Vehicle
Double Dip Tax Breaks for R&D
If your business conducts research and development (R&D), you may be eligible for certain tax breaks. This is so whether you’re creating a new … Read more about Double Dip Tax Breaks for R&D
