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
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As 2018 comes to an end, it’s time to think about year-end tax planning for 2018, and to plan ahead for 2019, especially with the new tax reform legislation
There are various ways that business owners can save money on taxes. Knowing how can translate into an improved net income after taxes.
Tax Implications of Selling Your Business You are excited about sealing the deal. You can almost see money exchanging hands. You can imagine an immediate future where you have already
When clients call me looking to create tax deductions before year end, I generally deliver the bad news that if they want to bring their taxable income down they are
To be deductible expenses, a business expense must be ordinary, necessary and reasonable in amount. The part of that three-pronged test that seems to give taxpayers the biggest problem is
It’s official! The House, Senate, and President passed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), which includes momentous tax breaks and incentives for taxpayers. Included in
Does your organization use temporary workers or independent contractors on a regular basis?
Your company probably offers an array of fringe benefits to its employees, including health insurance and group-term life insurance. While there are certain requirements, these fringe benefits are generally deductible
There are instances when you can write off interest on personal loans used for business purposes, such as injecting capital into an S corporation, multi-member LLC, partnership or C corporation.