Many businesses use federal per diem rates to reimburse employees for business travel expenses. In IRS Notice 2026-60, they announced updated per diem rates effective for the federal government’s fiscal
Selling a business can create a significant tax bill, but receiving the purchase price over time may allow some sellers to defer a portion of the taxable gain. An installment
If your small business accepts, uses, or invests in Bitcoin, Ethereum, or other forms of cryptocurrency, accurate reporting and detailed records are important for federal tax purposes. The Internal Revenue
If you own a closely held C corporation, you may be looking for ways to withdraw cash from your business before year-end. Paying yourself a dividend can be a straightforward
In the wake of unprecedented economic challenges posed by the COVID-19 pandemic, the IRS has implemented various relief measures to support businesses and organizations. One such initiative is the Employee
The IRS has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. In a statement
Tax law is never simple. But you can prepare for the April 15 deadline by reviewing the past year and seeing what’s coming. And the first thing to know, is
Intangible assets have a complex tax treatment. As more businesses acquire these assets, it’s important to understand why they’re complicated. What Makes Intangibles So Complicated?IRS regulations require the capitalization of
Businesses close their doors for many reasons, some of which may include: An owner retirement A lease expiration Staffing shortages Partner conflicts Increased supply costs Even in the midst of
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by
