The qualified business income (QBI) deduction presents a valuable opportunity for eligible businesses, set to last until 2025 before its scheduled expiration. This deduction, applied at the owner level, can
If you’re looking to withdraw cash from your organization at a low tax cost, the easiest way is to give out cash as a dividend. Remember, a dividend isn’t the
Recent data indicates a resurgence in global business travel post-pandemic. According to a Research and Markets report, the market soared to $665.3 billion in 2022 and is projected to skyrocket
Businesses typically leverage one of two accounting methods to calculate taxable income: cash or accrual. While many businesses have the flexibility to choose between these methods, each method offers its
Many entrepreneurs start out as sole proprietors when launching a small business. If you’re considering such a venture as a sole proprietorship, you should understand the related tax issues. Here
When the COVID-19 pandemic temporarily closed many businesses, the Employee Retention Tax Credit (ERTC) was introduced and provided cash that helped enable struggling businesses to retain employees. And while it
There’s a new fringe benefit option for employees facing emergencies, which is part of the SECURE 2.0 law. It’s called a pension-linked emergency savings account (PLESA), and the provision authorizing
Green tax reform represents a significant shift from solely focusing on revenue generation to leveraging tax policies to incentivize environmentally responsible practices and drive sustainable behavior. This approach not only
Could operating your small business as a Qualified Small Business Corporation (QSBC) be a tax-wise idea for you? Tax-Free Treatment For Eligible Stock Gains QSBCs are the same as garden-variety
Are you an employer with a business where tipping is routine when providing food and beverages? If yes, you may qualify for a federal tax credit regarding the Social Security
