Tag: Business Tax

How does your business acquire computer software? Lots of businesses buy or lease software but still, many do develop their own. No matter how you get your software, it’s important

As a business owner, you understand the cost of employee health care benefits is rising. An employer-sponsored HSA is one way to provide some of these benefits. An HSA offers

According to Notice 2022-44 from the IRS, various regulations outline the rules for using a per diem rate to substantiate the amount of ordinary and necessary business expenses paid or

How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). Wages and self-employment income

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these

You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for these expenses. First, what is ‘local transportation?’

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among those selected to be examined. In

In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind, this list isn’t all-inclusive, so there may be