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Ways to manage the limit on the business interest expense deduction
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related...
ConnollySteele
6 days ago3 min read


Exploring business entities: Is an S corporation the right choice?
Are you starting a business with partners and deciding on the right entity? An SÂ corporation might be the best choice for your new...
ConnollySteele
6 days ago2 min read


Riding the tax break train: Maximizing employee transportation fringe benefits
There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes,...
ConnollySteele
6 days ago3 min read


Planning for the future: 5 business succession options and their tax implications
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next...
ConnollySteele
6 days ago4 min read


Turning stock downturns into tax advantages
Have you ever invested in a company only to see its stock value plummet? While such an investment might be something you’d rather...
ConnollySteele
6 days ago3 min read


6 essential tips for small business payroll tax compliance
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and...
ConnollySteele
6 days ago2 min read


Deduct a loss from making a personal loan to a relative or friend
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to...
ConnollySteele
6 days ago3 min read
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