Personal Expenses versus Business Expenses

5 years ago

Generally, you cannot deduct personal, living or family expenses. However, if you have an expense for something that is used…

Tax-Free Fringe Benefits For Employee Retention And Tax Savings

5 years ago

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 Aircraft

6 years ago

Deducting business use of an aircraft is not too much different than deducting the costs of a company owned vehicle.…

Tax Advantages of C Corporations

6 years ago

With the 2018 tax reform changes now in place, C corporations have stood out as a winner among other business…

Preserving Your Travel Deduction

6 years ago

Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and…

Risk of Using Independent Contractors

6 years ago

Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing…

A Simple Tax-Advantaged Retirement Plan Solution for Small Business

6 years ago

If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering…

Time to Create Employee Leasing Company?

6 years ago

Many specified service businesses (SSB) are labor intensive, but may not necessarily acquire a great deal of property. With depreciation limited…

Is A S-Corp Election Still Right for your Business?

6 years ago

The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at…

Time to Revisit Accounting Methods?

6 years ago

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this…

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