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Unraveling Conflicting Tax Rules for Active versus Passive Business Owners
It is commonly accepted wisdom that tax rules are complicated. This belief is well supported by the conflicting tax rules that apply to business owners, ... -
When 'NOT' to Elect First-Year Expensing
The Tax Cuts and Jobs Act dramatically increased the dollar limit on first-year expensing (the Section 179 deduction) for the purchase of equipment and other ... -
New Rules for Writing Off Equipment, Vehicles, and More
The Tax Cuts and Jobs Act of 2017 made a variety of favorable changes in the rules for deducting the cost of buying certain items ... -
What the Tax Cuts and Jobs Act Means to You
On December 20, 2017, Congress passed the largest piece of tax legislation in many years. It makes dramatic changes for individuals and businesses. But it ... -
Tax Deductions for Cybersecurity
Cybersecurity describes measures you take to protect your computer and information from unauthorized access. Concerns about cybersecurity are relatively new. According to the dictionary, the ... -
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 ... -
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 ... -
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 complete ... -
Looking Back on 2016 and Ahead to 2017
This has been quite a year for small businesses in the U.S. Much has happened, and much is anticipated in the coming year. Let’s look ... -
How Big a Truck Do You Need?
If you’re in the market for a new truck for your business this year, tax rules may impact your buying decision. This is because of ...
