Newsletter/Blog — Jones & Kolb

CARES Act provides COVID-19 pandemic relief to businesses

The CARES Act includes several tax-related provisions to help businesses survive the coronavirus (CoVID-19) pandemic.

Small Business TaxDebbie HarryMarch 31, 2020

The new COVID-19 law provides businesses with more relief

Another coronavirus (COVID-19) law has been enacted and it provides some relief to businesses and employers that are suffering. This article provides some highlights.

Small Business TaxDebbie HarryMarch 30, 2020

Coronavirus (COVID-19): Tax relief for small businesses

In response to the coronavirus (COVID-19), Congress and the IRS have recently provided tax relief to businesses. Here’s a brief rundown.

Small Business TaxDebbie HarryMarch 23, 2020

Small business owners still have time to set up a SEP plan for last year

Saving money for retirement is important to a business owner’s financial security. If you haven’t set up a retirement plan for yourself and your employees for 2019, you may still be able to do so, and reduce your tax liability for last year.

Small Business TaxDebbie HarryMarch 16, 2020

Determine a reasonable salary for a corporate business owner

When it comes to executive compensation, C corporation owners need to keep it “reasonable.” Here’s why.

Small Business Tax, Business TaxDebbie HarryMarch 9, 2020

Do you run your business from home? You might be eligible for home office deductions

Do you operate your business from home or perform certain functions at home that are related to your business? You might be able to claim home office deductions on your tax return.

Small Business TaxDebbie HarryFebruary 24, 2020

How business owners may be able to reduce tax by using an S corporation

If you conduct your business as an S corporation, you’ll be subject to income tax, but not self-employment tax, on your share of the S corporation’s income. Could this be the entity for you?

Small Business TaxDebbie HarryFebruary 18, 2020

Do you want to go into business for yourself?

There are many ways to conduct a business for tax purposes, including as an S corporation or a partnership. But many new ventures start out as sole proprietorships. Here are nine tax rules and considerations involved in operating as that entity.

Small Business TaxDebbie HarryFebruary 10, 2020

Do Your Employees Receive Tips? You may be eligible for a tax credit.

Employers in the food and beverage industry may be eligible for a valuable tax break with the FICA tip credit. Here’s how it works.

Small Business TaxDebbie HarryFebruary 6, 2020

How may we help you?

Whether you’re an individual or a business, Jones and Kolb can help you deal with the challenges you face now and put you in the best position for a great future.