Business Tax Stories
If you contribute property to a qualified organization, the amount of your charitable contribution is generally the fair market value of the property at the time Continue reading Charitable Contributions of Property
When you decide to start a business, one of the most important decisions you’ll need to make is choosing the right business entity. It’s a decision that impacts many things–from the amount of taxes Continue reading Choosing the Right Entity Type
More than 52 percent of businesses today are home-based. Every day, people are striking out and achieving economic and creative independence by turning their skills Continue reading The Home-Based Business: Basics to Consider
If you use part of your home for business, you may be able to deduct expenses for the business use of your home, provided you meet certain IRS requirements. Continue reading Home Office Deduction; Qualify?
If you’re thinking about hiring new employees this year, you won’t want to miss out on these tax breaks. Continue reading Tax Breaks for Hiring New Employees
Identity Theft and Your Taxes Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. It presents challenges Continue reading Identity Theft and Your Taxes
As the driving force in today’s economy, small businesses benefit from numerous tax breaks in the tax code. One of these, the Qualified Small Business Stock (QSBS), was just Continue reading Qualified Small Business Stock (QSBS) Exclusion
7 Business Tax Misperceptions
One of the biggest hurdles you’ll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of Continue reading 7 Business Tax Misperceptions
Whether you’ve just started a nonprofit, recently submitted your organization’s first Form 990, or are the executive director, it’s important not to lose sight of your obligations under Continue reading Tax Compliance for Nonprofits
There are many reasons to sell a business. Maybe you’re in ill health or ready to retire. Or you’re tired of working all the time and now that the business is profitable you’re ready to cash Continue reading Selling your Business Tips