Tax and Accounting
Tax on Holiday Bonus
A large number of companies provide their employees with holiday bonus or end of the year bonus. In fact, a study states that about 80% of the companies do this. It always feels good when…
Yes, Even Car Color Matters When Evaluating Vehicle Depreciation Costs
The management of fleet vehicles is inherently costly, but the biggest fleet expense is by far the depreciation of vehicles, followed by fuel costs. Depreciation will be dependent on your business vehicles age, mileage, vehicle…
What to Do if You Missed the Tax Deadline
So you missed your federal tax filing deadline. Maybe you had a good reason, a personal or family emergency for example. Or maybe you just plain forgot. Whatever the reason for failing to meet the…
Top 6 Mobile Accounting Apps for Small Business
If you’re a small business owner these days, chances are you’re always on the go. There’s no use waiting until you get back the office to manage your finances. Why not take your business with…
Real Estate Expenses During Pre-Acquisition
There are various real estate expenditures that are deductible to the corporation and others that are capitalized or allocated to inventory. In this FAQ, we will discuss the real estate expenses that are deductible during…
Subject of a Business Tax Investigation? Here’s What You Should Do
In terms of situations you’d rather not find yourself in, being the subject of a small business tax investigation probably ranks quite high. The first you’ll usually know of an impending tax investigation is a…
Are You Ready for Digital Bookkeeping?
If you’re still using paper to track your business payments and receipts, you may want to reconsider. Paper records and supporting documentation can be easily stolen or misplaced. They may even be accidentally ruined, as…
3 Ways to Maximize Your Return
Let’s face it: business tax returns can be tricky. Whether you file a corporate return or you report pass-through business income on your personal return, you need to stay on top of a host of…
Meals, Entertainment, and Transportation May Cost Businesses More Under the TCJA
Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax deductions for certain business expenses. Two expense areas where the…
Immediate Effects of Trump’s Tax Plan
With the President signing the Tax Cuts and Jobs Act late last year, you may be wondering what immediate effects this law will have on you. Although some of the details of the law are…
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