Wining and dining customers and employees can result in tax deductions and for 2022, the write-offs are bigger than usual.
Tag: TCJA
Deciding between cash and accrual accounting methods
Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them.
Post-2021 Changes to § 174 – Amortization of Research and Experimental Expenditures
Coming changes to the tax treatment of R&D expenditures will have a big impact for businesses. Here’s what you need to know.
Defer tax with a like-kind exchange
With real estate prices up in some markets, the “like-kind” exchange strategy may be attractive if you want to sell commercial or investment real estate.
U.S. House passes the Build Back Better Act
The Build Back Better Act is one step closer to becoming law as it passes the U.S. House.
Don’t forget to factor 2022 cost-of-living adjustments into your year-end tax planning
Take these 2022 cost-of-living amounts into consideration as you work on your year-end tax planning.
Businesses must navigate year-end tax planning with new tax laws potentially on the horizon
Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
Get your piece of the depreciation pie now with a cost segregation study
Your business may gain substantial tax benefits with a cost segregation study, but they’re not right for everyone. Here’s how this strategy can help accelerate depreciation tax deductions on the building that houses your operation.
Debate continues in Congress over proposed tax changes
The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues negotiations. Here’s a list of the tax provisions that may affect you or your business.
Traveling for business again? What can you deduct?
On the road again for business? Here’s a rundown of costs you can deduct for business travel.
