A month from now, on September 30, 2021, a number of business tax credits end. Others are scheduled to expire at the end of the year. Of course, any … Read more about Tax Credits Ending Soon: What to Do Now
Tax Breaks for Investing in Small Corporations
During the government’s 2020 fiscal year (ending September 30, 2020), there were 1.8 million C corporations and more than 5 million S corporations. … Read more about Tax Breaks for Investing in Small Corporations
Need a Business Vehicle? Tax Considerations to Factor into Your Choices
Are you thinking about getting a car, truck, or van now? Hybrid or electric-powered vehicle? Buy or lease a vehicle? And in who’s name (the owner or … Read more about Need a Business Vehicle? Tax Considerations to Factor into Your Choices
Slash Your Federal Tax Bill with Income Tax Credits
A tax credit is a dollar-for-dollar reduction of tax liability. During COVID-19, much attention has been focused on employment tax credits for paid … Read more about Slash Your Federal Tax Bill with Income Tax Credits
Charitable Giving and Your Business
The pandemic has created a great need in a number of communities and for a number of special causes and organizations. But charitable giving is a … Read more about Charitable Giving and Your Business
Tax Deferral from 2020: Time to Pay Up
Due to the pandemic and the desire of the federal government to keep more money in the hands of businesses and individuals, there were certain tax … Read more about Tax Deferral from 2020: Time to Pay Up
The Other Business Taxes: What You Need to Know
Taxes are a cost of doing business. Typically, the focus is on income taxes, but other business taxes deserve equal attention. Here are some issues … Read more about The Other Business Taxes: What You Need to Know
Audit Vulnerability for Small Businesses
The word “audit” can send chills down almost anyone’s spine. For small business owners, this scary prospect not only involves emotional stress, but … Read more about Audit Vulnerability for Small Businesses
10 Things to Know about Business Meals
You gotta eat, right? But when it comes to meals, what’s business and what’s personal? If it’s personal, nothing is deductible, but if it’s a business … Read more about 10 Things to Know about Business Meals
Are Taxes a Joke?
Are taxes a joke? Certainly not when you have to complete a tax return and pay the taxes. But over the years, there have been many humorous quotations … Read more about Are Taxes a Joke?
Figuring Your Estimated Taxes for 2021
The first installment of estimated taxes for 2021 is due April 15, 2021. This deadline applies even though the due date for filing 2020 individual … Read more about Figuring Your Estimated Taxes for 2021
When State Taxes Don’t Follow Federal Rules
Many businesses focus on the impact that federal taxes have on their companies and their owners. But don’t overlook the impact of state taxes. In many … Read more about When State Taxes Don’t Follow Federal Rules
Recovery Strategies: Using Tax Credits to Hire and Retain Employees
“To win in the marketplace you must first win in the workplace.” Doug Conant, former President and CEO of the Campbell Soup CompanyYour staff is your … Read more about Recovery Strategies: Using Tax Credits to Hire and Retain Employees
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2021
by Barbara Weltman The COVID-19 pandemic triggered numerous changes in tax law as reflected in the book. But tax law is not static and new … Read more about Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2021
Tax Losses for Owners of Pass-Through Companies: What to Know
Small business owners by their nature are optimistic, as evidenced by various surveys (e.g., GGV Capital found that 83% of owners thought they’d do … Read more about Tax Losses for Owners of Pass-Through Companies: What to Know
