Tag: Business Tax

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

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

If you’re contemplating the sale of appreciated commercial or investment real estate and wish to postpone the associated tax liability, consider leveraging a Section 1031 “like-kind” exchange. In this type

The deductible cost of operating a business automobile will see an increase of 1.5 cents per mile in 2024, as the optional standard mileage rate rises. The recent announcement by