Reference this tax calendar to learn the 2023 deadlines for various tax-related forms and payments.
Is your business closing? Here are your final tax responsibilities
If your business is closing its doors, taxes may be the last thing on your mind. But there are a number of tax obligations that must be met when a business shuts down. Here are the basic requirements.
Manageable growth should be a strategic planning focus
If significant growth is part of your company’s strategic plan for the coming year, be careful. Growing a business too quickly can lead to serious financial problems.
Providing fringe benefits to employees with no tax strings attached
Your business may provide low- or no-cost tax-free fringe benefits to employees. Here are the details of these benefits, along with a court case in which an employee was found to have received a taxable benefit but he didn’t include its value in his income.
Why an LLC might be the best choice of entity for your business
A limited liability company can give you corporate-like protection from creditors while providing the benefits of taxation as a partnership. Can it work for you?
How do taxes factor into an M&A transaction?
Buying or selling a business may be the most critical transaction you ever make. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Here are some considerations.
Dodge the tumult with a buy-sell agreement
If your business has more than one owner, a buy-sell agreement is strongly recommended. Here’s why and how they work.
New per diem business travel rates became effective on October 1
The IRS has announced the special “per diem” rates that became effective Oct. 1, 2021. Here are the basics of these rates.
M&A transactions: Be careful when reporting to the IRS
Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you must report the details to the IRS. The tax agency may then compare what both parties report to ensure they match.
EIDL program retooled for still-struggling small businesses
Many small businesses are still feeling the pressure of the pandemic. If yours needs a loan, check out the SBA’s newly enhanced COVID-related EIDL program.