Adopting Technology like Toast Helped Restaurants Survive the Pandemic
Restaurants were among the hardest hit during the pandemic. Many businesses managed to survive and thrive with innovative technologies like Toast.
Entrepreneurs and Taxes: Claiming Expenses on Tax Returns
Entrepreneurs are often unaware that many start-up expenses can’t be deducted right away. The way you handle initial expenses can affect your tax bill.
Meticulous Records Are Key to Tax Deductions and Painless IRS Audits
All businesses need to keep records of income and expenses. Carefully record expenses in order to claim all of the tax deductions to which you’re entitled.
Numerous Tax Limits Affecting Businesses Have Increased for 2022
Many tax limits that affect businesses are annually indexed for inflation. Fiducial has a rundown of those that may be important to you and your business.
Reporting Requirement for Cryptocurrency Added by Infrastructure Bill
The IRS has been engaged in a virtual currency compliance campaign for 3 years. The campaign addresses tax noncompliance related to cryptocurrency use.
How to Defer Tax with a Like-Kind Exchange
One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. A like-kind exchange doesn't sell the property, it exchanges it.
Cost Segregation Study: Get Your Piece of the Depreciation Pie Now
Is your business depreciating over a 30-year period the cost of constructing the building housing your operation? Then consider a cost segregation study.