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    Recent Posts

    Thinking about converting your home into a rental property?

    Thinking about converting your home into a rental property?

    Tax issues to assess when converting from a C corporation to an S corporation

    Tax issues to assess when converting from a C corporation to an S corporation

    Congress eyes further retirement savings enhancements

    Congress eyes further retirement savings enhancements

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    Tax issues to assess when converting from a C corporation to an S corporation
    • May 3
    • 2 min

    Tax issues to assess when converting from a C corporation to an S corporation

    Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S...
    Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions
    • Apr 12
    • 2 min

    Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions

    Typically, businesses want to delay the recognition of taxable income into future years and accelerate deductions into the current year....
    Providing a company car? Here’s how taxes are handled
    • Apr 5
    • 2 min

    Providing a company car? Here’s how taxes are handled

    The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax...
    Establish a tax-favored retirement plan
    • Mar 29
    • 2 min

    Establish a tax-favored retirement plan

    If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow...
    The election to apply the research tax credit against payroll taxes
    • Mar 22
    • 3 min

    The election to apply the research tax credit against payroll taxes

    The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break...
    Does your business barter? Here are some facts you should know.
    • Mar 15
    • 3 min

    Does your business barter? Here are some facts you should know.

    In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services...
    Can you deduct the costs of a spouse on a business trip?
    • Mar 8
    • 2 min

    Can you deduct the costs of a spouse on a business trip?

    If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you...
    Making withdrawals from your closely held corporation that aren’t taxed as dividends
    • Mar 1
    • 3 min

    Making withdrawals from your closely held corporation that aren’t taxed as dividends

    Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a...
    Important tax aspects of operating your business as a sole proprietor
    • Feb 22
    • 2 min

    Important tax aspects of operating your business as a sole proprietor

    If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects...
    Keeping meticulous records is the key to tax deductions and painless IRS audits
    • Feb 15
    • 3 min

    Keeping meticulous records is the key to tax deductions and painless IRS audits

    If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you...
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