Tax Benefits of Company Cars
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax deductions for the employer as well as tax breaks
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax deductions for the employer as well as tax breaks
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply
No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an employer-sponsored Health Savings Account (HSA). For
If your business has independent contractors or makes other payments to customers or others, you probably file 1099 forms with the IRS. The tax agency is currently sending out notices about these forms to some taxpayers.
If you own your own business, the rules for deducting a spouse’s travel costs are very restrictive. Here are the rules.
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.
Many small businesses operate as sole proprietorships. Here are eight tax issues involved in operating as this entity.
Does your startup business have little or no income tax liability? You may be eligible for a payroll tax credit election for increasing research activities.
If you can’t file by the April 18 tax deadline, here’s what you should do to avoid steep penalties.
Recently, the IRS has released updated instructions related to two new schedules that may be required to be filed for the tax returns of pass-through entities for tax years beginning in 2021.
Your company is unique, and we may not be able to answer your specific questions within a blog post. Contact us and let our experts find the solution that’s right for you.
Packer Thomas Certified Public Accountants & Business Consultants.