Tag: Business Tax

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

The Tax Cuts and Jobs Act introduced more lenient regulations for depreciating business assets. However, the amounts change each year due to inflation adjustments, and due to high inflation, the

Going through a divorce is an inherently stressful process, and for business owners, the complications are further amplified by tax concerns. Your business ownership interest stands as a significant personal

Imagine you’re faced with the decision to guarantee a loan for your corporation, either by choice or request. Prior to committing to becoming a guarantor, endorser, or indemnitor for a

Enacted last year, the SECURE 2.0 legislation introduces comprehensive modifications to retirement plans. One such provision empowers qualifying employers to offer increased assistance to employees confronting emergencies and is established