Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more...

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that...

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the...

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit...

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

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19...

The clock is ticking down to the April 18 tax filing deadline. Sometimes, it’s not possible to gather your tax information and file by...

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in...

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

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...

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are...

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

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

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...

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...

While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a...

Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown...

If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax...

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2022. Keep in mind...