Tag: Small Business Tax

The 4th quarter of 2020 has begun and it is more important than ever to consider mid-year tax planning ideas. What steps can business owners take today to lower taxes for the current tax year? Read More

The free use of a company car is one of the best perks an employee may receive as part of a compensation package. But the benefit to the employee isn't completely "free" under current tax Read More

If your small business is unincorporated, you may be fed up with paying the federal self-employment (SE) tax. This tax is how the federal government collects Social Security and Medicare taxes from self-employed individuals. However, Read More

Do you know the highest individual tax rate under the new laws?  What are the highest tax rates in the history of the United States? While these were some interesting tax facts, those who attended Read More

The Tax Cuts and Jobs Act makes sweeping changes. Here's a quick reference guide to the major changes under the new law to help you understand what's changing. In general, these changes are effective for tax Read More

The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles used more than 50% for business purposes. Here's what small business owners need to know to take advantage of expanded tax Read More

Does your small business engage in qualified research activities? If so, you may be eligible for a research credits that can now be used to offset your federal payroll tax bill. This relatively new privilege allows research credits Read More