Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. If you have questions about filing requirements, contact us. We can ensure you’re meeting all applicable deadlines for … Continue reading “2023 Q1 Tax Calendar: Key Deadlines For Businesses & Other Employers”
Month: December 2022
Inbound vs. Outbound: Balancing Your Company’s Sales Strategies
It might sound like the lingo of air traffic controllers: Inbound vs. Outbound. But businesses of all types must grapple with these concepts and the associated challenges when developing sales strategies. Inbound sales originate when someone contacts your company to inquire about buying a product or service. Outbound sales arise from members of your sales … Continue reading “Inbound vs. Outbound: Balancing Your Company’s Sales Strategies”
Do You Qualify For The QBI deduction? And Can You Do Anything By Year-End To Help Qualify?
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. The QBI deduction is: Available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships, and S corporations, as well … Continue reading “Do You Qualify For The QBI deduction? And Can You Do Anything By Year-End To Help Qualify?”
Does Your Family Business’s Succession Plan Include Estate Planning Strategies?
Family-owned businesses face distinctive challenges when it comes to succession planning or business inheritance. For example, it’s important to address the distinction between ownership succession and management succession. When a non-family business is sold to a third party, ownership and management succession typically happen simultaneously. However, in the context of a family owned business, … Continue reading “Does Your Family Business’s Succession Plan Include Estate Planning Strategies?”
Intangible Assets: How Must The Costs Incurred Be Capitalized?
These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? When buying business assets, in order for it to qualify as an intangible, IRS regulations require the capitalization of costs to: Acquire or create an intangible asset. Create or enhance a separate, distinct … Continue reading “Intangible Assets: How Must The Costs Incurred Be Capitalized?”