Traveling for business this summer? Here’s what you can deduct
June 6, 2023
Here’s a rundown of the tax deductions you can claim for business travel.
Overview of discontinued operations reporting
June 5, 2023
In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations?
Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses
June 2, 2023
Keeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs and DON’Ts.
4 ways corporate business owners can help ensure their compensation is “reasonable”
June 1, 2023
C corporation owners: To keep your compensation tax deductible, you need to ensure it’s “reasonable.” Otherwise, it could be deemed a dividend. Here are four steps to take.
Use the tax code to make business losses less painful
May 31, 2023
You may have a net operating loss for your business if your deductions for the year are more than your income for the year. Here are the basic rules.
Benefits of a living trust for your estate
May 30, 2023
You’ve probably heard that you should avoid probate in estate planning. But what does that mean and how is it done?
