small business
Many Tax Amounts Affecting Businesses Have Increased for 2021
A number of tax-related limits that affect businesses are annually indexed for inflation, [...]
New Law Doubles Business Meal Deductions and Makes Favorable PPP Loan Changes
The COVID-19 relief bill, signed into law on December 27, 2020, provides a further [...]
Can Your Business Benefit from the Enhanced Employee Retention Tax Credit?
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers [...]
The QBI Deduction Basics and a Year-End Tax Tip that Might Help you Qualify
If you own a business, you may wonder if you’re eligible to take [...]
Health Savings Accounts for Your Small Business
Small business owners are well aware of the increasing cost of employee health [...]
Understanding the Passive Activity Loss Rules
Are you wondering if the passive activity loss rules affect business ventures you’re [...]
The 2021 “Social Security Wage Base” is Increasing
If your small business is planning for payroll next year, be aware that [...]
The Tax Rules for Deducting the Computer Software Costs of Your Business
Do you buy or lease computer software to use in your business? Do [...]
The Easiest Way to Survive an IRS Audit is to Get Ready in Advance
IRS audit rates are historically low, according to the latest data, but that’s [...]
The President’s Action to Defer Payroll Taxes: What Does It Mean for Your Business?
On August 8, President Trump signed four executive actions, including a Presidential Memorandum to [...]