Are you starting a business with some partners and wondering what type of business entity to form? If yes, an S corporation may be the best business structure for your new venture. Here are some of the reasons why. One reason why an S corporation might be the best business structure over a partnership is … Continue reading “Choosing An Entity For Your Business? How About An S Corporation?”
Month: March 2023
ACA Penalties Will Rise In 2024
Recently, the IRS announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility Affordable Care Act penalties. Although next year might seem a long way off, it’s best to get an early start on determining whether your business is an applicable large employer (ALE) under the Affordable Care Act. If so, … Continue reading “ACA Penalties Will Rise In 2024”
2023 Q2 Tax Calendar: Key Deadlines For Businesses & Employers
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing … Continue reading “2023 Q2 Tax Calendar: Key Deadlines For Businesses & Employers”
Section 174 Updates: Time To Review The R&E Strategy Of Your Business
It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in the law have expired or will expire in the next few years. One provision that took effect last year was the end of current deductibility for research and experimental … Continue reading “Section 174 Updates: Time To Review The R&E Strategy Of Your Business”
Keep An Eye Out For Executive Fraud
Occupational fraud can be defined as crimes committed by employees against the organizations that they work for. Perhaps its most dangerous variation is executive fraud — that is, wrongdoings by those in the C-Suite. Senior-level execs are in a prime position to not only inflict substantial amounts of financial damage, but also severely impair the … Continue reading “Keep An Eye Out For Executive Fraud”
Buying A New Business Vehicle? A Heavy SUV Is A Tax-Smart Choice
If you’re buying or replacing a vehicle that you’ll use in your business, you’ll want to know about the heavy SUV tax deduction. This vehicle style may provide a more generous tax break this year than you’d get from a smaller vehicle. The reason has to do with how smaller business cars are depreciated for … Continue reading “Buying A New Business Vehicle? A Heavy SUV Is A Tax-Smart Choice”
Influencer Marketing Could Help Your Business (Or Not)
Most companies today have some sort of social media strategy as part of their efforts for their online presence. If you’ve spent any time online as a business owner, you’d probably agree that building a following and getting meaningful reactions to your posts isn’t easy. Some companies use unique strategies to rise above the din, … Continue reading “Influencer Marketing Could Help Your Business (Or Not)”