Are inefficient inventory practices dragging down your business? It’s important to regularly review your approach.
Expanding succession planning beyond ownership
Business owners, have you considered creating a succession plan that also accounts for the possible departure of key employees?
Large cash transactions with your business must be reported to the IRS
Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IRS. Here are the rules.
The deductibility of corporate expenses covered by officers or shareholders
If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.
10 facts about the pass-through deduction for qualified business income
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.
The long and short of succession planning
Have you created a viable succession plan for your business? This daunting task can be made easier by choosing the right perspective.
Using your financial statements to evaluate capital budgeting decisions
Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck.
Many tax amounts affecting businesses have increased for 2021
How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.
New law doubles business meal deductions and makes favorable PPP loan changes
Businesses received several favorable tax breaks in the COVID-19 relief bill that was recently signed into law. Here are just two of them.
Employer-Provided Disaster Relief & COVID-19
Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]
