The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late. On the…
The pretax (accounting) profit that’s reported on your company’s income statement is an important metric. Lenders, investors and other stakeholders rely on pretax profits to evaluate a company’s financial performance.…
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and show generosity to…
Size of charitable tax deductions depends on many factors Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much…
Two tax credits just for small businesses may reduce your 2017 and 2018 tax bills Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce…
Could a cost segregation study save your company taxes? If your business has acquired, constructed or substantially improved a building recently, consider a cost segregation study. One of these studies…
2017 Q2 tax calendar: Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017.…
Will you pay tax on a business or hobby? Are you launching a “side business”? Perhaps you hope to turn your love of writing or photography into a paying gig. Or…
How many employees does your business have for Affordable Care Act purposes? It seems like a simple question: How many full-time workers does your business employ? But, when it comes…
Make sure it’s no hobby If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or…