Spouse-Run Businesses Face Special Tax Issues
Do you and your spouse together operate a profitable unincorporated small business? Here’s a look at some of the tax issues they may face.
What Types of Expenses Can’t Be Written Off by Your Business?
For business expenses to be deductible, expenses must be considered ordinary, necessary, and reasonable. Fiducial breaks down what is and isn't deductible.
Business Entity Types to Consider When Starting a Business
When you start a business, there are several possible business entity types you should consider. Each business entity choice has its own pros and cons.
2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
As the season changes, it’s time for businesses to start thinking about year-end tax strategies. It’s also a good time to think about the fourth quarter 2023 tax filing deadlines.
The Hidden Costs of Sloppy Bookkeeping
A recent Stanford study reviewed the aftermath of the Enron collapse. They found that risky or sloppy bookkeeping can lead to hidden costs.
Research Credit Available as a Payroll Tax Credit Doubled
The Inflation Reduction Act has a provision that could benefit small business startups. It could allow them to double the research and development credit.
Update on Business Asset Depreciation
Inflation can have some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim has increased for 2023.