Small Business – Page 8

The Standard Business Mileage Rate Has Increased Slightly in 2024

January 11, 2024

The price of gas is about the same as it was a year ago. Will this affect the amount your business can deduct for business driving in 2024?

2024 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

January 4, 2024

In the first quarter of 2024, businesses face several tax-related deadlines. Here are some key due dates and obligations.

Highlights of Next Year’s Fringe Benefit COLAs

December 29, 2023

Employers: Are you up to speed on the recently issued 2024 cost-of-living adjustments for many popular fringe benefits? Here are some of the latest amounts.

Key 2024 Inflation-Adjusted Tax Parameters for Small Businesses and Their Owners

December 26, 2023

Before you know it, 2024 will be here. The IRS recently announced inflation-adjusted amounts for next year that are relevant to small businesses.

Last Minute 1099-K Reporting Threshold Change

December 20, 2023

The IRS has announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for 2023.

IRS Expands Requirement to E-File Information Returns Starting in 2024

December 18, 2023

The IRS issued a new e-filing mandate that will apply to information returns filed on or after January 1, 2024. Will you be required to e-file this year?

Employers, Don't Miss Out on the Work Opportunity Tax Credit

December 13, 2023

Have you considered the Work Opportunity Tax Credit (WOTC)? The WOTC allows employers willing to help disadvantaged individuals to benefit from a substantial federal tax credit.

A Cost Segregation Study May Cut Taxes and Boost Cash Flow

December 8, 2023

Do you know what a cost segregation study is? If right for your business, it may help accelerate depreciation deductions on your enterprise's building.