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…
What You Should Know about Corporate Airplane Tax Rules
With business travel ramping up again, you might be dreaming of buying a corporate airplane to avoid layovers and crowded airplanes. Before you buy an…
Small Businesses Get a Tax Credit for Starting a Retirement Plan
Gain better employee retention while lowering your tax bill with the Pension Plan Tax Credit Attention small businesses: you may be able to claim a…
When Are Business Meals Tax Deductible?
If you’re heading to the restaurant for a business meal, it’s good to know the rules that apply to get a tax deduction. In recent…
Are Frequent Flyer Miles Taxed When Redeemed?
A popular perk of business travel is earning frequent flyer miles and other promotional benefits. Airlines, rental car companies and hotels have rewards programs that…
Is Your Business Travel Tax Deductible?
What expenses are tax deductible for out of town business business travel within the U.S.? As business travel starts up again, it’s important to know…