Mastering Tax Rules for American Business Travelers Abroad: Tips and Tricks from CPAs
Are you planning a business trip overseas and are wondering about tax deductions? As a Certified Public Accountant (CPA) firm, we’ve got you covered! Let’s…
Missouri Accounting Firm Smith Patrick CPAs Recognized for Growth by St. Louis Business Journal
The St. Louis Business Journal highlighted the growth of Smith Patrick CPAs in its 2023 St. Louis Largest Accounting Firms list, which ranks the top…
This Tax Credit Can Help Employers Facing a Tight Job Market
In a challenging job market, the Work Opportunity Tax Credit (WOTC) may give employers a helping hand. The WOTC is available to employers that hire…
Tax Impact: Hobby or Business?
Collecting stamps, woodworking, crafting, photography…people have all kinds of hobbies. Most people don’t make a profit from their hobby. However, hobbyists should be aware that…
Is Business Travel Tax Deductible?
What expenses are tax deductible for out of town business business travel within the U.S.? As business travel ramps up, it’s important to know what…
Accounting | Consulting | Tax
Installment Sales: Defer Taxes, Attract Buyers
With escalating prices and the era of COVID-19, Installment sales may be a good way to attract buyers even if they don’t the ability to…
Accounting | Consulting | Tax
Closing a Business? Here’s What You Need to Know about Taxes
If you’ve decided to close a business, it’s important to take care of your Federal tax obligations. Company owners can mistakenly think that because the…
ESOP Tax Benefits: 2022 Contribution Limits and More
What is an ESOP? An Employee Stock Ownership Plan (ESOP) is an employee benefit plan that enables employees to have ownership interest in the company….
Can you deduct club dues?
Many customers ask us if they can deduct club dues. It’s a logical question, especially since you may entertain customers at your club. Many feel…
Limited Partnership: Consider It for Your New Business
When starting a new business venture, a limited partnership can be a good choice as an entity. You can raise capital to fund the venture…