Businesses will soon be able to deduct more under the standard mileage rate
June 27, 2022
Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022.
What are the typical steps in a DOL audit?
June 24, 2022
For employers that sponsor an ERISA-compliant retirement or health care plan, a DOL audit is always a possibility. Here’s what to expect if it happens to you.
Warning for retailers and other businesses using the LIFO method
June 22, 2022
Normally, the last-in, first-out (LIFO) accounting method is an effective way to defer taxes. But beware: Retailers and other businesses that use this method could be hit with an unexpected tax bill if their inventory shrinks significantly due to supply chain issues.
Is your corporation eligible for the dividends-received deduction?
June 20, 2022
The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.
Private business owners: Don’t wait until year end to evaluate financial performance
June 16, 2022
The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting can help gauge your progress.
IRS offers tax relief for leave-sharing programs
June 15, 2022
Employers offering or considering leave-sharing programs related to the conflict in Ukraine should read up on recent IRS guidance about tax relief.
