Installment Sale

Installment Sale

You’ve spent years building your company. Now you are ready to move on to something else, whether launching a new business, taking advantage of another career opportunity or retiring. Whatever your plans, you want to get the return from your business that you’ve...
Deductibility of Business Expenses

Deductibility of Business Expenses

As we approach the end of the year, it’s a good idea to review your business’s expenses for deductibility. At the same time, consider whether your business would benefit from accelerating certain expenses into this year. Be sure to evaluate the impact of the Tax Cuts...
Fringe Benefits Help Businesses

Fringe Benefits Help Businesses

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some...
Accelerated Depreciation Eligibility

Accelerated Depreciation Eligibility

Could a cost segregation study help increases accelerated depreciation deductions? Businesses that acquire, construct or substantially improve a building should consider a cost segregation study. You may be eligible for accelerated depreciation deductions, reducing...
Tax identity theft in businesses

Tax identity theft in businesses

Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. Identity thieves have become more sophisticated. They know filing practices, the tax code and the best ways to get...
Reimbursements of Employee Travel

Reimbursements of Employee Travel

Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and retain employees. If you don’t, you might want to start, because changes under the Tax Cuts and Jobs Act (TCJA) make such reimbursements even...