Working from home has its perks. Not only can you avoid commuting, but you might be eligible to deduct home office expenses on your tax return. Deductions for
You may have heard of the “nanny tax.” But did you know that even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper,
The IRS uses Audit Techniques Guides (ATGs) to help their examiners get ready for audits. Your business can use these same guides to gain insight into what the
You may have heard about a proposal in Washington to cut the taxes paid on investments by indexing capital gains to inflation. Under this proposal, the purchase price
The Section 179 depreciation deduction for business property has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking
If you volunteer your time to work for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may
If you’re thinking of buying or selling a business, or you’re in the process of a merger or acquisition, it’s important both parties report the transaction to the
During your working days, you pay Social Security tax as part of the withholdings from your salary or self-employment tax. You may be surprised to learn that when
Bartering for goods and services instead of paying cash may be beneficial to some small businesses. If your business engages in bartering, be aware that the fair market
Now that most schools are out for the summer, you might be sending your children to day camp. This is often a significant expense, but the good news
The Tax Cuts and Jobs Act (TCJA) changed the landscape for business taxpayers because the law introduced a flat 21% federal income tax rate for C corporations. Under
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Please, keep in mind that this list isn’t all-inclusive,
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