It’s not too late: You can still set up a retirement plan for 2018 If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up a tax-advantaged retirement plan, consider doing so this year....
[caption id="attachment_900" align="aligncenter" width="628"] Donate Art for a Charitable Deduction[/caption]...
Buy business assets before year-end to reduce your 2018 tax liability [caption id="attachment_895" align="aligncenter" width="560"] 2018 Year End Tax Planning[/caption] The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks,...
Could a cost segregation study help you accelerate depreciation deductions? Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation deductions, thus reducing taxes and boosting...
State Department denying passports! Under President Obama's urging, Congress in 2015 passed a nefarious law denying passports to taxpayers owing $50,000 or more To the IRS. The State Department is now issuing letters denying passports to individuals owing taxes. If you owe taxes to the IRS you need...
Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. And identity thieves have become more sophisticated, knowing filing practices, the tax code and the best ways to get valuable data. How it...
see: http://www.TaxEsq.com...
Be sure your employee travel expense reimbursements will pass muster with the IRSDoes your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and retain employees. If you don’t, you might want to start, because changes under...
2018 Q4 tax calendar: Key deadlines for businesses and other employersHere are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply...
Keep it SIMPLE: A tax-advantaged retirement plan solution for small businessesIf your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering a retirement plan can provide your business with valuable tax deductions and help you attract...