Tag: Business Tax

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this list isn’t all-inclusive, so

The Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law a few years ago. However, it’s impact is ongoing. Several provisions in the law have expired or

The definition of an independent contractor vs. an employee may be changing soon. A Department of Labor (DOL) proposal suggests revamping employee classification, reclassifying workers who are economically dependent on

Under tax law, businesses are typically able to deduct advertising and marketing expenses, which help to either retain or bring in customers. This valuable tax deduction can help businesses cut

If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d

During the COVID-19 pandemic, many people began working from home and now, many still work from their home offices either full-time or on a hybrid basis. If you’re self-employed and

Due to rising interest rates and a slowing economy, M&A activity dramatically declined last year. The total value of M&A transactions in North America in 2022 was down 41.4% from

The IRS has announced that businesses can now file Form 1099 series information returns using a new, free online portal, available from the IRS. Known as the Information Returns Intake

In many industries, employees receive tips as part of their compensation. These businesses include restaurants, hotels, and salons. Tip DefinitionTips are optional payments that customers make to employees who perform

Due to high inflation, a variety of tax-related limits affecting businesses, which are indexed annually, have increased more than usual for 2023. Here are some that may be important to