Generally, you cannot deduct personal, living or family expenses. However, if you have an expense for something that is used…
In today’s tightening job market, in order to attract and retain the best employees, small businesses need to offer not…
Deducting business use of an aircraft is not too much different than deducting the costs of a company owned vehicle.…
With the 2018 tax reform changes now in place, C corporations have stood out as a winner among other business…
Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and…
Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing…
If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering…
Many specified service businesses (SSB) are labor intensive, but may not necessarily acquire a great deal of property. With depreciation limited…
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at…
The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this…
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