The tax obligations if your business closes its doors
July 18, 2022
When a business shuts down, there are a number of tax responsibilities that must be met. Unfortunately, because of the pandemic and the economy, many businesses are facing this reality. Here are the basic rules.
How disability income benefits are taxed
July 15, 2022
In some cases, disability income is taxable by the federal government. In other cases, it isn’t. Here are the rules.
How do taxes factor into an M&A transaction?
July 13, 2022
Buying or selling a business may be the most critical transaction you ever make. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Here are some considerations.
Paying tribute to auditor independence
July 12, 2022
External auditors are supposed to be public watchdogs who are “independent” of their audit clients, both in appearance and in fact. This may seem like common sense, but independence issues remain at the forefront of stakeholder concerns today.
Motivate those you serve and employ with gamification
July 11, 2022
For employers looking to better engage with customers and employees, gamification holds many potential benefits. Just be sure you know what you’re getting into.
Vehicle expenses: Can individual taxpayers deduct them?
July 7, 2022
Rather than keeping track of your actual vehicle-related expenses, you may be able to use a standard mileage rate to compute certain tax deductions. But when are individual taxpayers eligible to deduct vehicle-related expenses and what are the amounts for 2022?
