It’s time for businesses to start thinking about year-end tax strategies. It’s also a good time to think about the fourth quarter 2022 tax filing deadlines.
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Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a certain threshold aren’t subject to Social Security tax. The “wage base” for 2022 was recently announced.
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If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implications.
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Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IRS. Here are the rules.
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If you’re trying to keep straight all of the tax proposals the Biden administration has recently announced, here’s a handy guide.
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Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the popular loan program.
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Is your business taking full advantage of the Employee Retention Credit?
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The latest COVID-19-related stimulus bill, the American Rescue Plan Act, has now passed. How can you benefit?
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The tax rules for treating computer software costs can be complex. Here’s a basic explanation.
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With fall arriving, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2020 tax filing deadlines.
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If you hold an interest in a business, or may do so in the future, be aware that the CARES Act has made changes to excess business losses.
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Businesses that received PPP loans should be aware of the tax consequences. Here’s a look at the issue.
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For hundreds of years, businesses have engaged in bartering. It’s popular during times of economic downturns, which many businesses are suffering now due to COVID-19. But if you trade goods or services, be aware of the tax consequences.
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A tax form that used to be filed back in the 1980s is coming back for 2020. Here’s what businesses need to know.
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The “Trust Fund Recovery Penalty” is among the more dangerous tax penalties facing business owners and managers with employees. Here’s why.
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The CARES Act, which passed in 2020, includes some retroactive tax relief for businesses. Some provisions may be beneficial on a tax return that hasn’t been filed yet (or you may be able to take advantage of them on an amended return if you already filed).
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Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic. If your business is donating to charity to help ease the pain, you may be eligible for enhanced charitable donation deductions.
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When it comes to executive compensation, C corporation owners need to keep it “reasonable.” Here’s why.
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