Small Business Tax Tips
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Expecting a big revenue year? Consider tax moves before year end
For most small business owners, strong revenue growth is something to celebrate. But a profitable year can also significantly increase your income tax liability. If…
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Consider an installment sale to optimize taxes when selling your business
Over the years, you’ve invested blood, sweat and tears into building a successful small business. Now it’s time to sell and move on to the…
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A small business primer on expense deductions
Whether your small business is new or you’ve run it for decades, you may not fully understand which expenses are potentially tax-deductible and which aren’t.…
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What are the tax implications of cryptocurrency transactions?
If your small business accepts, uses or invests in Bitcoin, Ethereum or other forms of cryptocurrency, accurate reporting and detailed records are critical for federal…
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5 tax-smart ways to take cash out of your C corporation
If you own a closely held C corporation, you might be looking for ways to withdraw cash from your business. Paying yourself a dividend can…
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Repair or improvement: Does the distinction matter under current tax law?
Ordinary repair and maintenance costs are generally deductible in the year they’re paid or incurred, depending on your accounting method. Costs that improve property must be capitalized.…
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