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.
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.
Your business faces a variety of tax-related deadlines in the first quarter of 2020.
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.
An optimal succession plan considers every stakeholder in the business. One that you might have overlooked: Your lender.
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.
Before you know it, 2020 will be here. You may still have time to reduce your federal tax liability by taking these steps.
If you’re working on your year-end tax plan, you’d be wise to take these 2020 cost-of-living amounts into consideration.
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.