2020 Tax Calendar
To help you make sure you don’t miss any important 2020 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you…
Tag: Business
4 Stages of the Business Life Cycle Every Entrepreneur Should Know
Research has shown success as an entrepreneur requires an understanding of the four phases of a business life cycle: startup, growth, maturity, and succession. Understanding what phase your business is in can be critical to identifying your…
2018 Q3: Key Tax Deadlines for Businesses
The following is a list of key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. However, this list is not all-inclusive. There may be additional deadlines that could apply to you and…
Small Business Owner’s Guide to the Tax Treatment of Bitcoin and other Virtual Currency
Over the past years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, and while many smaller businesses are not yet taking it as payment, the trend of accepting bitcoin…
Hiring Your Child as an Employee at Your Business May Provide Tax Benefits
If you own a business and have a child in high school or college, hiring him or her for the summer can provide a range of benefits, including tax savings. And hiring your child may be more…
TCJA Changes for Deducting Pass-Through Business Losses
It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the number of…
Guide to Deducting Business Travel when Combined with Vacation
At this time of year, a summer vacation is often on your mind. If you travel for work, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound…
The TCJA Expands on Tax Breaks for Business Vehicles
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. Depreciation Allowances for Passenger Vehicles…
Top 3 Retirement Plans for the Self-Employed in 2017
Did you know that if you’re self-employed you may be able to set up a retirement plan that allows you to contribute much more than you can contribute to an IRA or even an employer-sponsored 401(k)? There’s…
Restaurant and Food Service Depreciation Explained
By Mandi Raneri It’s no question that restaurants are fast-paced businesses with increased growth year after year. The National Restaurant Association projects that restaurant industry sales will reach $782.7 billion in 2016, with more than nine in…
What You Need to Know for Your Business Valuation
A business valuation could be for a gift of ownership to children in the family business or to determine the value of a piece of ownership upon the death of one of the shareholders. Or it could simply be…
12 Ways to Maintain Healthy Cash Flow [Infographic]
A healthy cash flow is imperative to running a business in today’s economic environment. Businesses that practice good cash management can typically survive in any economy. Businesses that don’t are much more susceptible to changes in the…
