Can you deduct the costs of a spouse on a business trip?
February 23, 2022
If you own your own business, the rules for deducting a spouse’s travel costs are very restrictive. Here are the rules.
Agencies clarify plan coverage of COVID-19 tests
February 21, 2022
Employers that sponsor a group health plan now have additional guidance on the coverage requirements for over-the-counter COVID-19 diagnostic tests.
4 levels of audit opinions
February 18, 2022
It’s audit season for calendar-year entities. Will your auditor issue a clean opinion? Here’s what happens when auditors have reservations about the reliability of a company’s financial statements and its ability to continue as a going concern.
Married couples filing separate tax returns: Why would they do it?
February 16, 2022
In general, married couples who file jointly save more money on taxes than those who file separate returns. However, there are situations when filing separately is a better option.
Making withdrawals from your closely held corporation that aren’t taxed as dividends
February 15, 2022
Dividends paid out by corporations are taxable to shareholders and can’t be deducted by the corporation. But there might be ways to get cash out of your corporation without dividend treatment. Here are some approaches.
Take your financial statements to the next level
February 14, 2022
Financial statements should be more than an exercise in compliance. Fit companies put their financials to work for them.
