The landscape of tax regulations for research and experimental development (R&D) expenditures underwent significant changes with the 2017 Tax Cuts & Jobs Act, marking the most comprehensive overhaul in more
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may
The holiday season is upon us! During this time of year, many organizations may choose to show its gratitude to employees and customers by gift giving or hosting holiday parties.
The use of a company car stands out as a valued fringe benefit for small business owners and employees. It leads to tax deductions for employers and tax breaks for
As the year draws to a close, it’s prime time to delve into strategic tax planning that can not only benefit your current financial year but also set the stage
Between holiday parties and buying presents, don’t forget to think about ways to reduce your business’ 2023 tax liability. Although the clock is ticking, you still have time to take
Recently, the IRS announced several inflation-adjusted federal income tax amounts. Here’s an overview of the amounts most likely to affect small businesses and their owners. Rates & Brackets If you
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
