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Retirement Saving Options for Your Small Business

March 25, 2024

Retirement Saving Options for Your Small Business. There’s still time to see tax savings on your 2023 tax return by establishing and contributing to a 2023 SEP, right up to the extended due date of the return.

Securing Tax Benefits with the QBI Deduction

February 28, 2024

QBI stands for “qualified business income,” a significant concept that could lead to tax deductions for certain small business owners or self-employed individuals. Enacted as part of the Tax Cuts and Jobs Act (TCJA) in 2017, the QBI...

The Ins and Outs of the Home Office Deduction

October 25, 2023

If you’re self-employed and run your business from home, or perform certain functions there, you might be able to claim deductions for home office expenses against your business income. The pandemic changed the landscape of work for a lot...

Small Business Financing: Securing a Loan

July 28, 2023

Understanding what your bank wants and how to approach it properly can mean the difference between getting a loan for expansion or scrambling to find cash from other sources.

Small Business Taxpayers: The Year in Review

December 13, 2022

Here’s what small business owners need to know about tax provisions for 2022 Standard Mileage Rates Due to inflation, there were two standard mileage rates in 2022: 62.5 cents per business mile driven (July 1-December 31, 2022) and 58.5 per...

Requesting a Tax Transcript From the IRS

August 3, 2022

Filing an error-free tax return is key to taxpayers getting any refund they are due as soon as possible. Requesting a Tax Transcript From the IRS

File on Time Even if You Can’t Pay

April 5, 2022

Taxpayers should file their tax returns by the deadline even if they cannot pay the total amount due, but if you can’t, there are several options.

Tips for Ensuring Financial Success

October 13, 2021

Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Probably not. While you may wish it was that easy, the truth is that you can’t let your business...

Employer Tax Credit Extended for Payroll Workers

February 25, 2021

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, made several changes to employee retention tax credits. These tax credits were previously made available under the Coronavirus Aid, Relief, and Economic...

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