Business Taxes Blog
October 12, 2017
They say nature has a tendency to fall into disorder. The same holds true for business data. Here are four ways to keep your digital house in order and get the most from your company’s information.
October 6, 2017
They say you’ve got to spend money to make money. But are you spending too much? Or charging too little? Electrify your company’s profitability with a strong link between costs and pricing.
September 28, 2017
Business owners need to be aware of the Q4 2017 tax filing deadlines coming up.
September 21, 2017
For businesses with a lot of employees who travel for work, managing the substantiation and reimbursement of these expenses can be an administrative nightmare. Per diem rates simplify the process while preserving tax benefits.
September 14, 2017
The customer may always be right, but the customer isn’t always profitable. There’s only one way to find out for sure...
September 7, 2017
Acquiring another business? All too often, as parties talk sales price and deal structure, many tax issues fall by the wayside. Be sure to include tax planning in your deal negotiations.
August 31, 2017
You shouldn’t run your business without proper insurance coverage. But savvy owners can identify ways to lower premiums. Here are some ideas to consider.
August 24, 2017
What can go wrong when a business owner must (or decides to) leave the company? Plenty! Here’s how a buy-sell agreement can help keep the peace.
August 17, 2017
A profitable new sales opportunity may be right around the corner. But how do you know when to make the turn? By tracking lost sales. We have some great ideas for doing so.
August 10, 2017
LLC and LLP owners: Learn what you need to do to be able to deduct current business losses.
August 3, 2017
If your business is paying high unemployment taxes, here’s how to reduce your tax bill.
July 20, 2017
Are you happy with your company’s approach to compensation? More important, are your employees? It may be time for an adjustment to ensure you’re providing equitable compensation.
July 13, 2017
Is your business applying the proper tax treatment to the employee benefits you provide?
June 30, 2017
Seasonal businesses must strike while the iron is hot. Here’s how to keep cash flow strong.
June 15, 2017
Treating transfers of money between a closely held business and its owners as loans can provide tax advantages. But it’s critical to establish that the transaction is truly a loan.
June 8, 2017
Want to ensure your company’s future success? Mentor the person taking over for you.
June 1, 2017
Making a key employee a partner can be good for your business, but watch out for tax traps.
May 25, 2017
Concerned about being audited by the IRS? Here’s what business owners need to know.
May 16, 2017
Own a business? Have children who are teenagers, college students or new grads? If you hire them this summer, not only can they benefit but you can enjoy tax savings, too.
May 10, 2017
Beware: Operating across state lines means possibly being subject to taxation in that state.
May 3, 2017
A buy-sell agreement is critical to most closely held businesses with multiple owners. But a C corporation’s buy-sell agreement could produce adverse tax consequences if not structured properly.
April 26, 2017
All it takes is one employee mistake or bad hire to expose your business’s data to hackers.
April 20, 2017
Bartering businesses can’t cut Uncle Sam out of the deal. Here are the tax consequences.
April 13, 2017
Don’t let your company retreat waste time and money. Plan carefully for optimal results.
April 6, 2017
Not sure about your company’s next big strategic move? Ask your managers!
March 30, 2017
Business owners: Expect the best, but be prepared for the worst with key person insurance.
March 23, 2017
Beware: You can lose tax benefits if the IRS views your business as a hobby.
March 16, 2017
Thinking of selling business property? Consider a “like-kind” exchange instead.
March 9, 2017
A strong benefits package is essential to every employer. Does yours include an employee assistance program (EAP)? An EAP can enable you to help employees struggling with certain personal issues.
March 2, 2017
One bad investment can crush a business. Consider factoring discounted cash flow metrics into your investment decisions. They can help estimate the financial impact of a strategic move.
February 23, 2017
Is managing paid time off dragging down your company’s productivity? PTO banks can help.
February 17, 2017
Business owners can reduce their 2016 tax bills by setting up a SEP retirement plan now.
February 9, 2017
Need a fresh perspective on strategic planning? Insights from managers and employees are important. But sometimes business owners need external ideas from an advisory board. Let’s talk about yours.
February 2, 2017
At the beginning of the year, many people decide they’re going to get in the best shape of their lives. Similarly, many business owners declare that they intend to cut costs and operate at peak efficiency going forward.
January 26, 2017
Many depreciation-related breaks are available to help businesses offset the costs of investing in the business. If you bought equipment or other assets in 2016, 50% bonus depreciation might save you tax.
January 19, 2017
Today’s employers must offer competitive benefits. But if you maintain a retirement plan, you’ve got to know who’s considered a plan fiduciary in order to effectively manage risk
January 11, 2017
The more you know, the better your business can perform. A competitive intelligence policy can support the effective, but ethical, gathering of information on your competitors and industry.
January 4, 2017
It’s not unusual for a business to re-evaluate its vendors on occasion. So how is your retirement plan provider doing? Here are some good questions to ask and important cost issues to consider.
December 28, 2016
Start making next year’s budget a reality now! Here are three good places to begin.
December 21, 2016
Thrilling tales of assets, liabilities and equity! Time to start reading your balance sheet.
December 14, 2016
Family business owners: Your company is your financial legacy. Here’s how to protect it.
December 7, 2016
An annual bonus plan can be a great way to attract, retain and motivate employees. It can provide tax benefits, too: Your business might be able to take a 2016 deduction for bonuses paid in 2017.
November 30, 2016
What’s the President-elect’s tax plan for businesses? Generally it would reduce tax rates for both corporations and flow-through entities to 15% but eliminate many credits and deductions. Learn more.
November 16, 2016
Business owners: Don’t have a tax-advantaged retirement plan? Consider setting one up.
November 8, 2016
Have a business vehicle you want to replace? Here’s why you should sell it, not trade it in.
November 1, 2016
Enhanced tax breaks are available for certain business real estate investments. Here’s more.
October 25, 2016
Self-employed? You may owe double the employment tax you’d owe as an employee. Here’s how to meet your employment tax obligations and perhaps even save tax.
October 19, 2016
The timing of your business’s income and deductible expenses can have a big impact on your tax liability. Here’s how to determine the right timing strategies for you this year.
October 11, 2016
Slow-paying customers can turn your cash flow to sludge and put your company’s very existence at risk. Always be on the lookout for ways to fine-tune your collection process.
October 4, 2016
As a business owner, you’ve got to think about how to preserve your wealth for heirs. One idea to consider: Give away company stock to keep its future appreciation out of your taxable estate.
September 22, 2016
Business tax identity theft can result in big financial losses and reputational damage. Here’s a rundown of the issue and some red flags to look out for.
September 15, 2016
You need to keep detailed, accurate records to protect your business tax deductions. Here are two court cases where taxpayers learned that lesson the hard way.
September 12, 2016
Looking for a retirement plan for your small business that’s easy to set up and maintain? Consider a SIMPLE IRA. Here are the details.
September 1, 2016
There might be ways to combine domestic business trips with vacation days and still be able to write off some of the expenses. Here are the rules.