Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend.
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.
If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored retirement plan for yourself and any employees. Several types of plans are eligible for tax advantages. 401(k) plan
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions for the employer as well as tax breaks for the owners and employees using the cars.
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level).
In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA).
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about how they work and how to report transactions on their federal tax returns.
If you have not read our last installment on who can take the R&E Credit, please click here to read that first.
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return. Deductions for these expenses can save you a bundle, if you meet the tax law qualifications.
A question we are often asked is, “can my business or industry take the R & E Credit?” In most cases, the answer is “yes, if you have qualifying activities, you can certainly claim the credit no matter what industry you are in.”