Is an S Corporation the Best Choice of Entity for Your Business?

Is an S Corporation the Best Choice of Entity for Your Business?

Thinking about starting a business with partners? Not sure what type of entity to form? An S corporation could be the best form of business for you.
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Can Employees “Cash-Out” Their Transportation Fringe Benefits?

Can Employees “Cash-Out” Their Transportation Fringe Benefits?

Not everyone will be heading back to the office post-pandemic. Among many issues raised by this development is the impact on transportation fringe benefits.
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Tax breaks to consider during National Small Business Week

Tax breaks to consider during National Small Business Week

Before Dec. 31, you may want to make some tax moves to save on 2021 taxes. Here are a few strategies.
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The Tax Implications if Your Business Engages in Environmental Cleanup

The Tax Implications if Your Business Engages in Environmental Cleanup

If your company faces the need to “remediate” or clean up environmental contamination, take a breath—all is not lost! Unexpected expenses are always worrisome, but there are ways to mitigate those losses.
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What's a Reasonable Salary for a Corporate Business Owner?

What's a Reasonable Salary for a Corporate Business Owner?

Own an incorporated business? There’s a tax advantage to taking money out of a C corporation as salary, not dividends. But it must be a reasonable salary.
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Is Your Small Business as Profitable as It Can Be?

Is Your Small Business as Profitable as It Can Be?

If your company looks profitable on the surface, that doesn't mean this is the case. There are many ways your SMB might not be as profitable as it could be.
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Deductibility of Corporate Expenses Covered by Officers or Shareholders

Deductibility of Corporate Expenses Covered by Officers or Shareholders

Do you play a major role in a closely held corporation?Do you sometimes spend money on corporate expenses personally? Here's what you need to know.
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Large Business Cash Transactions Must File Form 8300

Large Business Cash Transactions Must File Form 8300

Does your business receive large amounts of cash or cash equivalents? Then, you may have to report these transactions to the IRS on Form 8300.
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