Tax Planning Issues You Should Consider at Year-End cover

Tax Planning Issues You Should Consider at Year-End

Year-end is approaching as are the holidays. Before the seasonal celebrations, consider year-end tax planning moves to benefit you for both 2022 and 2023.
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How to Treat Business Website Costs for Tax Purposes

How to Treat Business Website Costs for Tax Purposes

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when business website costs can be deducted.
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Computer Software Costs: How Does Your Business Deduct Them?

Computer Software Costs: How Does Your Business Deduct Them?

Most businesses buy or lease computer software. Complex rules determine the tax treatment of the costs of buying/leasing/developing computer software.
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PBGC Raises Guarantee for Single-Employer Pension Plans that Fail

PBGC Raises Guarantee for Single-Employer Pension Plans that Fail

Defined benefit retirement plans, better known as pensions, have been at risk for decades now. The PBGC, dedicated to protecting them, has changes coming.
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Think You May Need a CFO? Consider Hiring a Virtual CFO

Think You May Need a CFO? Consider Hiring a Virtual CFO

Think it’s time to bring on someone with more time and experience? Consider using the virtual CFO services offered by a bookkeeping or accounting firm.
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Employers: In 2023, the Social Security Wage Base Is Going Up

Employers: In 2023, the Social Security Wage Base Is Going Up

The Social Security Administration announced an increase in the Social Security wage base. It will increase to $160,200 in 2023 (up from $147,000 for 2022).
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Research Credit Potentially Doubled by the Inflation Reduction Act

Research Credit Potentially Doubled by the Inflation Reduction Act

The Inflation Reduction Act could benefit small business startups. They can potentially double the amount of their research and development tax credit.
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Stay on the Lookout for Presenteeism and Learn How to Avoid It

Stay on the Lookout for Presenteeism and Learn How to Avoid It

Employers should beware of presenteeism. Someone who repeatedly shows up unwell will accomplish less, produce substandard work, and cause other problems.
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