Tag: Business Tax

Is your business depreciating the entire cost of constructing the building that houses your enterprise over a period of 30 years? If yes, you might want to think about doing

If you plan to start a business or change your business entity, you have to figure out what’s best for your situation. Should you operate as a C corporation or

Are your employees tired of dealing with travel expenses, and you’re frustrated with the hassle of reviewing these expenses? Well, there’s some good news. In Notice 2023-68, the IRS announced

Recently, the Social Security Administration announced that the wage base for computing Social Security tax will increase to $168,600 for 2024, which is up from $160,200 for 2023. Earnings exceeding

If you use an automobile in your trade or business, you may question how depreciation tax deductions are determined. It can be a bit tricky to determine because the rules

Have you ever wondered how IRS examiners acquire knowledge about different industries to then conduct audits on various types of businesses? Typically, examiners will conduct extensive research into specific industries

If you were to read the Internal Revenue Code, you’d likely be surprised to find that most business deductions aren’t specifically listed. For instance, the tax law doesn’t explicitly state

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

For many industries, merger and acquisition (M&A) activity has been strong in recent years. If your organization is considering a merger or acquisition of another organization, understanding how the transaction

If you operate a profitable unincorporated small business with your spouse, you face some challenging tax issues. The Partnership Tax Issues An unincorporated business with your spouse is classified as