Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S...

Typically, businesses want to delay the recognition of taxable income into future years and accelerate deductions into the current year....

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax...

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 credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break...

In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services...

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...

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...

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...

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...