Many businesses engage in cleaning up environmental contamination. Unfortunately, every type of environmental cleanup expense cannot be currently deducted on your tax return. Here are the basic rules.
These are several factors to consider when a business converts from C corporation to S corporation status. Here is what you should understand.
Nearly every business has a website and the IRS hasn’t yet released official guidance on the tax treatment of website development costs. However, you can apply existing guidance on other costs. Here’s the story.
There are many retirement plan options for small business owners and their employees. Here’s a quick rundown of three of them.