Personal Expenses versus Business Expenses

Generally, you cannot deduct personal, living or family expenses. However, if you have an expense for something that is used…

3 years ago

Tax-Free Fringe Benefits For Employee Retention And Tax Savings

In today’s tightening job market, in order to attract and retain the best employees, small businesses need to offer not…

3 years ago

Deducting Business Use of Aircraft

Deducting business use of an aircraft is not too much different than deducting the costs of a company owned vehicle.…

3 years ago

Tax Advantages of C Corporations

With the 2018 tax reform changes now in place, C corporations have stood out as a winner among other business…

3 years ago

Preserving Your Travel Deduction

Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and…

3 years ago

Risk of Using Independent Contractors

Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing…

3 years ago

A Simple Tax-Advantaged Retirement Plan Solution for Small Business

If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering…

3 years ago

Time to Create Employee Leasing Company?

Many specified service businesses (SSB) are labor intensive, but may not necessarily acquire a great deal of property. With depreciation limited…

3 years ago

Is A S-Corp Election Still Right for your Business?

The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at…

3 years ago

Time to Revisit Accounting Methods?

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this…

3 years ago

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