As a business owner or entrepreneur, you are always on the lookout for ways to save money and improve your bottom line. One often overlooked method of achieving these goals is through research and development (R&D) tax credits. R&D tax credits can provide a valuable source of cash flow...
Working remotely is becoming an increasingly popular option for people who want to have more control over their work-life balance. But there are a few things you should know about the tax implications of working from home before making the switch. Remote Work and Taxes When it comes to...
If you’re a United States citizen or hold a green card, you are expected to report and pay taxes on the foreign business income that you make each year. Depending on what type of entity you have and where it’s located, your obligations may change. Here is what you...
One of the many changes that businesses will experience when filing taxes this year is the business interest limitations. The IRS Section 163(j) rules were first included in the Tax Cuts and Jobs Act of 2017, but an additional provision began with the 2022 tax year. Here are the...
The pandemic has changed many things about the workplace, including making many businesses permanently hybrid or remote. As a result, many people who never considered working abroad in the past are now able to do so. If you are one of the many people thinking about packing up and...
While you might be currently living overseas, that does not mean that you are free from the tax obligations of being an American citizen. Even if you work overseas, there are still tax forms that you are required to file. One of those is known as IRS Form 5471....
The Tax Cuts and Jobs Act (TCJA) made many changes to the tax deductions and credits that are available to businesses. One of those is the R&D tax credit. This credit can save some businesses hundreds of thousands of dollars, but only if they understand exactly when it is...
Construction companies have many different tax deductions available to them, and workers can also take advantage of numerous tax breaks that help save money. What are some of the deductions that you and your employees should take advantage of moving forward? 5 Common Tax Deductions for Construction Companies Car...
Many people got involved in buying and selling cryptocurrency over the course of 2020 and 2021, and this trend is here to stay. However, what many people don’t realize is that buying and selling cryptocurrency can impact their tax bills. What should you know about cryptocurrency and taxes before...
As a business, there are many different parts of the tax code that you need to understand in order to avoid issues. One of those is Section 1244. Section 1244 is known as the small business stock provision, and it allows shareholders of specific small businesses the ability to...