According to the U.S. Department of Agriculture, there are over 2 million farms in the U.S. The vast majority are small farms, which means they’re … Read more about Tax Developments for Farmers
Reimbursing Employees for Business Travel
If your employees go out of town on company business, likely the company is picking up the tab. From a tax perspective, there are certain ways to do … Read more about Reimbursing Employees for Business Travel
The Forgotten Estimated Taxes
Estimated taxes aren’t a separate liability but rather a way of paying taxes throughout the year in four installments. The third estimated tax payment … Read more about The Forgotten Estimated Taxes
Legislative Initiatives and their Impact on Small Businesses
There is considerable attention on major bills in Washington that surely will impact small businesses, such as health care and tax reform. But there … Read more about Legislative Initiatives and their Impact on Small Businesses
Tax Planning for Your Business in this Uncertain Period
Congress is aiming for a tax bill to be enacted before Thanksgiving. It’s unclear what will be in the bill and when the provisions will be effective. … Read more about Tax Planning for Your Business in this Uncertain Period
Tax ID Thieves Targeting Businesses
You’re probably familiar with the problems that individuals face with identity theft. You file your return electronically and it’s rejected because an … Read more about Tax ID Thieves Targeting Businesses
Quiz on Tax Rules for Small Businesses
When it comes to tax rules, there are many misconceptions among small business owners. While their CPAs likely will get things right when they … Read more about Quiz on Tax Rules for Small Businesses
Who Is an Employer? It’s More Difficult to Determine Today
The unemployment rate is down and many companies are looking for new employees. The government, on the other hand, is looking to impose employer … Read more about Who Is an Employer? It’s More Difficult to Determine Today
Pre-Tax Arrangements for Your Employees
To the extent that an employer can enable employees to pay for some personal needs on a pre-tax basis, both the employer and the staff win. The … Read more about Pre-Tax Arrangements for Your Employees
Timing Is Everything in Business: Watch Deadlines and Statutes of Limitations
Apparently, the statement that timing is everything can be traced to the Greek poet Hesiod who said “Observe due measure, for right timing is in all … Read more about Timing Is Everything in Business: Watch Deadlines and Statutes of Limitations
S Corporations and Basis Essentials to Know
There were 4.8 million S corporation returns filed during the government’s 2016 fiscal year. There are no recent statistics on the number of … Read more about S Corporations and Basis Essentials to Know
5 Reasons Why It’s Great to Be a Small Business
Just ask the owners of the more than 30 million small businesses in the U.S. While celebrating small businesses during National Small Business Week … Read more about 5 Reasons Why It’s Great to Be a Small Business
Advancing Funds to Your Corporation: Loans or Capital Contributions?
Many small businesses depend on infusions of cash from their owners in order to meet cash flow needs or finance expansion plans. The infusions can be … Read more about Advancing Funds to Your Corporation: Loans or Capital Contributions?
5 Last Minute Tax Tips for Your Taxes
The vast majority of small business owners—most of whom report their share of business income on their personal returns—use paid preparers to complete … Read more about 5 Last Minute Tax Tips for Your Taxes
Settling Up with the IRS
Even though audit rates are at historic lows — just 0.7% overall in the government’s 2016 fiscal year — you may be the unlucky taxpayer to fall under … Read more about Settling Up with the IRS
