Small Business
-
Coordinating Sec. 179 tax deductions with bonus depreciation
Your business should generally maximize current-year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal:…
Read More: Coordinating Sec. 179 tax deductions with bonus depreciation -
Should your business change its health care plan for next year?
Open enrollment for most healthcare plans is many months away. That makes now a good time for businesses to consider changing their employer-sponsored coverage for…
Read More: Should your business change its health care plan for next year? -
Bartering is a taxable transaction even if no cash is exchanged
If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter or trade for goods and…
Read More: Bartering is a taxable transaction even if no cash is exchanged -
B2B businesses: Assess customer credit carefully
Does your company operate in the business-to-business (B2B) marketplace? If so, you’re no doubt aware of the double-edged sword that is customer credit. On the…
Read More: B2B businesses: Assess customer credit carefully -
Maximize the QBI deduction before it’s gone
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want…
Read More: Maximize the QBI deduction before it’s gone -
Better tax break when applying the research credit against payroll taxes
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible…
Read More: Better tax break when applying the research credit against payroll taxes
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.