Small Business – Page 10

Protect the “Ordinary and Necessary” Advertising Expenses of Your Business

April 14, 2023

How does a business know if advertising and marketing expenses are deemed “ordinary and necessary” to qualify as deductible on their tax return?

Important Considerations When Engaging in a Like-Kind Exchange

April 12, 2023

How can a business or individual dispose of appreciated real property without taxation on the gain? You can do this through a like-kind exchange.

Changes in Section 174 Mean You Should Review Your R&E Strategy

March 24, 2023

Several provisions in the TCJA have expired or will expire in the next few years. Last year was the end of current deductibility for R&E expenses.

Many Taxpayers Could See Smaller Tax Refunds This Year

March 22, 2023

COVID pandemic-related benefits have come to an end. These decreases in federal tax benefits will mean smaller 2022 tax refunds for taxpayers..

Buying a New Business Vehicle? A Heavy SUV Is a Tax-Smart Choice

March 13, 2023

Buying or replacing a vehicle that you’ll use in your business? A heavy SUV may provide a more generous tax break this year than a smaller vehicle.

Have Employees Who Receive Tips? Here Are the Tax Implications

March 10, 2023

Earn your living through tips? Employ individuals who receive tips as part of their compensation? Then you need to know the tax implications.

Run a Business from Home? You May Qualify for Home Office Deductions

March 8, 2023

Are you self-employed and run your business from home? You might be able to claim home office deductions for expenses against your business income.

Signs that You May Need Assistance with Your Bookkeeping

March 6, 2023

You may want to handle your business's bookkeeping yourself. Pay attention to a few key red flags and you'll know when you need help with bookkeeping.