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 is successful and you do a lot of business travel, you may have considered buying a corporate aircraft. Of course, there...

Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to...

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has...

With Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business may want to show its...

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind...

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are...

The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the week,...

A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it...

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the...

What if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or...

If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What...

Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your...

Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind...