There are several factors to consider when converting from a C corporation to an S corporation. Here are four of the tax issues you may face.
2024 Q2 tax calendar: Key deadlines for businesses and employers
Spring is here, along with a bunch of tax-related deadlines. Here are some upcoming dates for the second quarter of 2024 that businesses and employers should keep in mind.
What’s the best accounting method route for business tax purposes?
Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
Update on IRS efforts to combat questionable Employee Retention Tax Credit claims
Aggressive marketing encouraging businesses to claim the pandemic-related Employee Retention Tax Credit led to many taxpayers erroneously receiving refunds. The IRS has a program that allows them to come forward and repay part of the money before collection efforts begin.
2024 Q1 tax calendar: Key deadlines for businesses and other employers
In the first quarter of 2024, businesses face several tax-related deadlines. Here are some key due dates and obligations.
There still may be time to reduce your small business 2023 tax bill
The holiday whirlwind has begun. There may be ways your small business can save on 2023 taxes. But you must act fast.
Choosing a business entity: Which way to go?
Choosing the best entity for your business is a multi-faceted decision. Here’s a look at the some of the considerations.
Business automobiles: How the tax depreciation rules work
Complex calculations are involved in claiming depreciation deductions for the business use of a passenger automobile. Here are the basic rules.
What types of expenses can’t be written off by your business?
You want to be able to deduct business expenses on your tax return. But in order to be deductible, expenses must be ordinary, necessary and reasonable. Here are the rules.