Tag: Business Tax

Are you frustrated by the size of your self-employment (SE) tax bills as the owner of a small business? It’s no surprise. In 2023, the SE tax is set at

Government officials observed a significant surge in new businesses during the COVID-19 pandemic. And, according to the U.S. Census Bureau, there continues to be a slight upward trend in business

If you are a business owner or manager with employees, you may face a severe tax penalty that could potentially be responsible for paying personally. The Trust Fund Recovery Penalty

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

Even if your business could claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years, should you? It’s not quite as simple

By: Josh Brock If you operate a pass-through entity (PTE) in California, are you aware of the upcoming California Pass Through Entity Tax election for 2023? To make the election

By: Patti Callaway The Employee Retention Tax Credit (ERTC) has been a lifeline for organizations struggling due to the COVID-19 pandemic. However, misconceptions and falsehoods surrounding the ERTC have led

By: Patti Callaway The Employee Retention Tax Credit (ERTC) has emerged as a crucial support for recovery start-ups amidst the aftermath of the COVID-19 pandemic. Introduced as part of the

There are many considerations to keep in mind if you and your employees are traveling for business this summer. To claim deductions under tax law, certain requirements must be met

The IRS will closely review any deductions you’re claiming for business meals or auto expenses. In some cases, taxpayers have incomplete documentation or try to create records months (or years)