Untangling the Complexities of Section 179 Vehicle Deductions \ truck that falls under the IRS section 179 deduction
Tax
July 12, 2019

Untangling the Complexities of Section 179 Vehicle Deductions + Vehicle Deduction List

The Ultimate Section 179 Vehicle Deduction List Audi Audit Q7 3.0T Premium Audi Q7 3.0L TDI BMW X5 M BMW X5 XDrive351 BMW X6 M BMW X6 XDrive351 Buick Enclave 2WD Buick Enclave 4WD Cadillac…
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Men at a barber shop cutting two customers hair | Bartering Income is Taxable Income: Key Points to Know
Tax
July 11, 2019

Bartering Income is Taxable Income: Key Points to Know

In today’s economy and the ever-evolving digital world, exchanging goods and services with another business or individual, known as bartering, is common practice. In fact, the International Reciprocal Trade Association (IRTA) estimates the annual volume…
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Tax
July 1, 2019

In pursuit of global tax transparency

In today’s global economy, multinational corporations engage in numerous cross-border transactions. But how they report those transactions is often vague. To help minimize stakeholders’ exposure to potential hidden risks, the Financial Accountability & Corporate Transparency…
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Tax
June 28, 2019

2019 Q3 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 third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply…
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Tax
June 25, 2019

Hiring this summer? You may qualify for a valuable tax credit

Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for…
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Tax
June 12, 2019

Employers: Be aware (or beware) of a harsh payroll tax penalty

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make matters worse, the penalty can…
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Tax
June 6, 2019

Tax-smart domestic travel: Combining business with pleasure

Summer is just around the corner, so you might be thinking about getting some vacation time. If you’re self-employed or a business owner, you have a golden opportunity to combine a business trip with a…
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Tax
May 31, 2019

Hire your children this summer: Everyone wins

If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how…
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Tax
May 28, 2019

What type of expenses can’t be written off by your business?

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office…
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Tax
May 15, 2019

How entrepreneurs must treat expenses on their tax returns

Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have…
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