Tax Services Archives - Page 9 of 11

A notepad with "Tax Credit" written in black ink and highlighted, sitting on top of a pile of American currency.

Don’t overlook the Employee Retention Credit

Note: We are closely monitoring H.R. 3684, known as the Infrastructure Investment and Jobs Act. The Senate has approved the infrastructure bill and now goes to the House of Representatives for consideration as of the publication. The infrastructure bill would…

An image of a blackboard with "save money" written on it.

Seven tax strategies that save small businesses money

Taxes are a constant for any business. They come due every year, whether you have a profitable year or are in times of economic downturn. Planning for your taxes is an important business function, as it allows you to make…

An image compilation of a computer, magnifying glass, gears, and clouds.

Understanding How the R&D Tax Credit Can Offset Payroll Taxes

Start-ups and small businesses customarily incur expenditures that may qualify for Research & Development (R&D) tax credits, but generally, these businesses don’t have the taxable profit needed to take advantage of the credit. Qualifying small businesses can apply all or…

Scrabble tiles laid out to read PLAN horizontally and MAKE vertically (intersecting at the A)

Developing a Disaster Preparedness Plan

The widespread media coverage of natural disasters has left business owners with little excuse to be unprepared for hurricanes, tornadoes, earthquakes, forest fires, floods, and superstorms. These calamities can strike wherever and whenever, and while there is no preparation for…

A white sign holder with a red "Vacation Rentals" sign hanging from it and palm trees in the background.

Tax facts to know about vacation rentals

Buying property and selling after it’s appreciated is a wealth-building strategy that has been around for centuries. It’s even better if that property can make you money, say through rental income. If you’ve been considering allowing short-term vacation rental contracts…

A notepad with "Child Tax Credit" written in black ink and highlighted, sitting on top of a pile of American currency.

IRS releases website to manage child tax credit deposits

Earlier this year, the American Rescue Plan (ARP) was announced, including some temporary updates to the child tax credits available for many parents. Under the ARP, eligible parents of dependent children can take a tax deduction of up to $3,600…

A man dressed in a black suit, white button up shirt, and a black tie sitting in a fancy restaurant with a bowl of bisque and a partially emptied glass of champagne.

Understanding business meal and entertainment deduction rules

The last few years have afforded quite a few changes in how the IRS allows businesses to handle meal and entertainment costs in relation to their taxes. The 2018 Tax Cuts and Jobs Act (TCJA) eliminated deductions for most business-related…

A computer's motherboard holding various forms of cryptocurrency.

Tax implications for cryptocurrency owners

Cryptocurrency, a type of virtual currency that utilizes cryptography to validate and secure transactions digitally recorded on a distributed ledger, such as a blockchain, has been on the rise over the past several years. ‘ Approximately 14 percent of Americans…

A hand held out palm up with electronic images of people floating above it.

Employee v. contractor: Which is right (and legal) for your business

Businesses are constantly evolving how they operate in order to meet the fast-paced changes coming from customers and the marketplace. Further, individuals are increasingly taking advantage of the income they can earn from the gig economy. These factors have more businesses…

Someone searching on a laptop for residential properties.

Like-Kind exchange updates: Clarifying real property and escrow policies

If you are in possession of business or investment property or looking to exchange real property for others, you might want to get acquainted with “like-kind exchanges,” also known as a 1031 exchange. As with all tax codes, changes are…

Category: Tax Services (page 9)