Most people hear the phrase “Research and Development” or “R&D” and think “That doesn’t apply to me”. They think the term implies only to the use of scientists in a
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When a professional corporation sells its assets or liquidates, one important tax issue is whether the corporation or the shareholder-employees own any appreciated professional goodwill (with a fair market value
You don’t have to become a tax expert but it helps to know about new tax rules so you won’t be caught off guard. Here are the top deadlines and
Slow-moving inventory is easy enough to discount or liquidate, but there’s another option that can give you more of a benefit: donate that stock or computer equipment to charity.
How many times have you traveled for work in the past year? How many times have you sent employees out of town on business? Ever thought that there might be
If you run your business operations through two or more corporations, the different entities may share some of the same employees. In that case, you can save payroll taxes by
If you own a business that produces something in the United States you may be eligible for the Domestic Production Activities Deduction also known as DPAD. Businesses engaged in any
Do you feel like you’ve been paying too much in income tax? Maybe you have! On May 18, 2015 the US Supreme Court ruled, in the Wynne Case (Comptroller v.
Whenever you sell a business or an investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section