Are you still asking "Can I expense this...?" Use our free tool!

Check out our latest helpful blogs

Why September Is The Right Time for HVAC Owners To Submit Form 2553

S-corp election for HVAC business owners: file Form 2553 in September for a January 1 start, set payroll and salary in the slow season, and skip the March scramble.

Factor in Taxes if You’re Relocating to Another State in Retirement

Are you considering moving to another state when you retire? Maybe you want to be closer to your loved ones or live where the weather is more pleasant.

Employers: The Social Security Wage Base is Increasing in 2022

The Social Security Administration recently announced the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment

Thinking About Participating in Your Employer’s 401(k) Plan? Here’s How It Works

Employers offer 401(k) plans for many reasons, including attracting and retaining talent. These plans help employees accumulate retirement nest eggs on a tax-advantaged basis. If you’re thinking about

Get Your Piece of the Depreciation Pie Now with a Cost Segregation Study

If your business is depreciating the entire cost of constructing the building that houses your operation over a 30-year period, you should consider a cost segregation study. It

You May Owe “Nanny Tax” Even if You Don’t Have a Nanny

Are you familiar with the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper, gardener, or other household employee (who

Vacation Home: How is Your Tax Bill Affected if You Rent it Out?

If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. But are you aware of the tax

New Per Diem Business Travel Rates Became Effective on October 1

Are your employees traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates that became effective on October 1,

Navigating the Tax Landscape When Donating Works of Art to Charity

If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get if you donated it to

2021 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn’t all-inclusive, so

M&A Transactions: Be Careful When Reporting to the IRS

Thanks to low interest rates and other factors global merger and acquisition (M&A) activity has reached new highs in 2021, according to Refinitiv, a provider of financial data.

Is a Health Savings Account Right for You?

There may be a more cost-effective way to pay for health care, given the escalating costs. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way

Tax Depreciation Rules for Business Automobiles

If you use an automobile in your trade or business, you may be wondering how depreciation tax deductions are determined. The rules are complicated, and special limitations that