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.

Buy Business Assets Before Year End to Reduce Your 2018 Tax Liability

The Tax Cuts and Jobs Act (TCJA) enhances two depreciation-related breaks that are popular year-end tax planning tools for businesses. In order for you to take advantage of

Donate Appreciated Stock for Twice the Tax Benefits

A tried-and-true year’s end tax strategy is to make charitable donations. You can claim a charitable deduction as long as you itemize and your gift qualifies. But did

Businesses Can Now Access the New Research Tax Credit

The federal tax credit for “increasing research activities” didn’t change under the Tax Cut and Jobs Act (TCJA), but several TCJA provisions have an indirect impact on the

Can Bunching Your Medical Expenses in 2018 Help Save Tax?

If you itemize deductions, and have enough expenses to exceed the applicable floor for deductibility, some of your medical expenses may be tax deductible. You may also be

Consider All the Tax Consequences Before Making Gifts to Loved Ones

Whether it’s to reduce the size of their taxable estate, to help out family members, or simply to see their loved ones enjoy the gifts; many people choose

Now’s the Time to Review Your Business Expenses

Now that we’re in the last quarter of the year, it’s a good idea to review the deductibility of your business’s expenses. It’s also a good time to

529 Plans Offer Two Tax-Advantaged Education Funding Options

Tax and other benefits make Section 529 plans a popular education-funding. Two types are available: 1) prepaid tuition plans, and 2) savings plans. One of these plans got

Tax-Free Fringe Benefits Help Small Businesses and Their Employees

In today’s tightening job market, to attract and retain the best employees, small businesses need to competitive pay as well as appealing fringe benefits. Tax-free benefits are especially

Charitable IRA Rollovers May Be Especially Beneficial in 2018

You can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions if you’re

Tax Planning for Investments Gets More Complicated

Fall is a good time for investors to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also helps you

Businesses Aren’t Immune to Tax Identity Theft

Tax identity theft may seem like a problem that’s only faced by individual taxpayers. But, according to the IRS, more and more businesses are also becoming victims. And

The Tax Deduction Ins and Outs of Donating Artwork to Charity

If you collect art and are charitably inclined, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is