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Business Tax (8)

Don’t Overlook the Need for a Detailed Weather Emergency Plan

Weather emergencies take many forms, and depending on your location, you’re likely more vulnerable...

How Virtual Currency Transactions Affect Your Tax Situation

Virtual currencies, also known as cryptocurrencies, have gone mainstream. For example, you can use...

DOL Suspends Changes to Trump-Era Labor Regulations

The U.S. Department of Labor (DOL) has recently taken action on the criteria for determining...

The Evolution of the Employee Retention Credit

The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job...

Which Start-Up Costs Are Deductible for Federal Tax Purposes?

Many people started businesses in 2020, and many others plan to launch new ventures in 2021....

COVID-19 Relief: Overview of the New American Rescue Plan Act

The American Rescue Plan Act (ARPA) was signed into law on March 12, 2021. The new law will provide...

How Can Business Owners Lower Last Year’s Tax Bill?

Good news! Business taxpayers may still be able to take actions to lower their federal income tax...

Bad Debts: What Losses Can You Deduct and When?

Attempts to claim write-offs for bad debt losses have fueled controversies with the IRS for many...

Important Tax Figures for 2021

The following table provides some important federal tax information for 2021, as compared with...

Ways to Fully Deduct Business-Related Meals

Restaurants have struggled mightily during the COVID-19 pandemic. Thankfully, they’re specifically...