With their eyes on the big picture, business owners and execs can too easily lose sight of the company full of employees around them. Here are some simple ways to stay in touch.
Your home office expenses may be tax deductible
These days, many people work from home. But they don’t all qualify to deduct the expenses of a home office on their tax returns. Here are the basic rules.
Spending bill extends tax breaks, adds retirement account provisions
A year-end governmentwide spending bill includes the extensions of almost all of the tax “extenders.” It also introduces the Setting Every Community Up for Retirement Enhancement (SECURE) Act, the first major retirement-related legislation since 2006.
Wayfair revisited — It’s time to review your sales tax obligations
Does your business make online, phone or mail-order sales in states where it lacks a physical presence? If so, it’s critical to find out if those states have economic nexus laws and determine whether your activities are enough to trigger them.
Key deadlines for businesses and other employers
Your business faces a variety of tax-related deadlines in the first quarter of 2020.
IRS updates rules for using per diem rates
The Tax Cuts and Jobs Act changed the way some businesses must compute per diem allowances. The IRS recently issued guidance for business travelers and their employers to clarify the changes.
What lenders look for in a succession plan
An optimal succession plan considers every stakeholder in the business. One that you might have overlooked: Your lender.
IRS updates rules for mileage-related deductions
Do you or your employees deduct transportation expenses for operating an automobile for business purposes? If so, learn about recent IRS guidance on optional standard mileage rates.
3 last-minute tips that may help trim your tax bill
Before you know it, 2020 will be here. You may still have time to reduce your federal tax liability by taking these steps.