Category

Tax

Tax
November 27, 2017

Accrual-basis taxpayers: These year-end tips could save you tax

With the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why?…
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Tax
November 27, 2017

Getting around the $25 deduction limit for business gifts

At this time of year, it’s common for businesses to make thank-you gifts to customers, clients, employees and other business entities and associates. Unfortunately, the tax rules limit the deduction for business gifts to $25…
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Tax
November 27, 2017

Reduce your 2017 tax bill by buying business assets

Two valuable depreciation-related tax breaks can potentially reduce your 2017 taxes if you acquire and place in service qualifying assets by the end of the tax year. Tax reform could enhance these breaks, so you’ll…
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Tax
November 27, 2017

Research credit can offset a small business’s payroll taxes

Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that you can use to offset your federal payroll tax bill. This relatively new privilege…
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Tax
September 11, 2017

2017 Q4 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply…
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Tax
September 7, 2017

Could captive insurance reduce health care costs and save your business taxes?

If your business offers health insurance benefits to employees, there’s a good chance you’ve seen a climb in premium costs in recent years — perhaps a dramatic one. To meet the challenge of rising costs,…
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Tax
September 7, 2017

Larger deduction might be available to businesses providing meals to their employees

When businesses provide meals to their employees, generally their deduction is limited to 50%. But there are exceptions. One is if the meal qualifies as a de minimis fringe benefit under the Internal Revenue Code.…
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Tax
August 14, 2017

IRS Allows Exceptions for Missed Retirement Account Rollover Deadlines

You may know about the 60-day window for making tax-free rollovers of funds withdrawn from your IRA or other tax-favored retirement account. Here are a couple of things you might not know about the deadline: The…
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Tax
December 27, 2016

2016 Year End Tax Planning Guide

Will Tax Rates Drop in 2017? The maximum federal tax bracket for 2016 is 39.6%. This bracket is reached when taxable income exceeds $415,050 ($466,950 if married filing joint). In addition, capital gains are taxed…
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