Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of […]
What’s the best accounting method route for business tax purposes? Read More »
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that
Update on IRS efforts to combat questionable Employee Retention Tax Credit claims Read More »
As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked
Should your business offer the newemergency savings accounts to employees? Read More »
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for
Does your business have employees who get tips? You may qualify for a tax credit Read More »
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax
Emil @ CPA Restaurant explain how to Defer a current tax bill with a like-kind exchange Read More »
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep
2024 Q1 tax calendar: Key deadlines for businesses and other employers Read More »
