business

Do you remember the old Miller High Life beer commercials? People are sitting around and the mellow voice comes on “here’s to good friends, tonight is something special…” Well, for many businesses it is now “Corona time.” Businesses that use to pride themselves on personal...

5 ways to withdraw cash from your corporation while avoiding dividend treatment 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. However, a dividend distribution isn’t tax-efficient, since it’s...

It’s a good time to buy business equipment and other depreciable property   There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking...