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.
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).
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.
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.
Everything You Need to Know About Starting a Business
Coming up with an idea for a starting a new business, however, is one thing. Actually becoming a successful business owner is something else entirely.
Best Practices for Avoiding Cash Flow Problems with Your Business
What are some of the biggest issues that plague small business owners on a regular basis? Cash flow problems would undoubtedly be right at the top.
Three Tax Breaks Every Small Business Should Know About
Sometimes, bigger isn’t better. Your small- or medium-sized business may be eligible for some tax breaks not available to larger businesses.