Best practices when filing a business interruption claim
February 14, 2019
Many companies, especially those that operate in areas prone to natural disasters, should consider business interruption insurance. Unlike…
When are LLC members subject to self-employment tax?
February 11, 2019
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for…
Financial statements tell your business’s story, inside and out
February 8, 2019
Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their…
Why you shouldn’t wait to file your 2018 income tax return
February 6, 2019
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15…
Refine your strategic plan with SWOT
February 4, 2019
With the year underway, your business probably has a strategic plan in place for the months ahead. Or maybe you’ve created a general…
Investment interest expense is still deductible, but that doesn’t necessarily mean you’ll benefit
January 30, 2019
As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction…
Depreciation-related breaks on business real estate: What you need to know when you file your 2018 return
January 28, 2019
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost…
Is your business stuck in the mud with its marketing plan?
January 24, 2019
A good marketing plan should be like a network of well-paved, clearly marked roads shooting out into the world and leading back to your…
Many tax-related limits affecting businesses increase for 2019
January 24, 2019
A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at…
There’s still time to get substantiation for 2018 donations
January 24, 2019
If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your…
Getting wise to the rise of “smart” buildings
January 17, 2019
Nowadays, data drives everything — including the very buildings in which companies operate. If your business is considering upgrading its…
Higher mileage rate may mean larger tax deductions for business miles in 2019
January 14, 2019
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by…
2 major tax law changes for individuals in 2019
January 10, 2019
While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there…
Economic damages: Recovering what was lost
January 3, 2019
A business can suffer economic damages arising from a variety of illegal conduct. Common examples include breach of contract, patent…
Tax Filing DeadlinesTax DeductionsTax Planning
Act soon to save 2018 taxes on your investments
December 20, 2018
Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to shrink your 2018 tax bill by…
6 last-minute tax moves for your business
December 18, 2018
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six…
Getting ahead of the curve on emerging technologies
December 12, 2018
Turn on your computer or mobile device, scroll through Facebook or Twitter, or skim a business-oriented website, and you’ll likely come…
Check deductibility before making year-end charitable gifts
December 5, 2018
As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the spirit of the season and as a…
2019 Q1 tax calendar: Key deadlines for businesses and other employers
December 5, 2018
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep in mind that…
Devote some time to internal leadership development
November 30, 2018
Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service,…
When holiday gifts and parties are deductible or taxable
November 30, 2018
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting…
Tax TipsBusiness TaxesBusiness
What’s better than giving? Giving and tax breaks combined! Charitable deductions for appreciated stock.
November 28, 2018
Planning on making a substantial contribution to a charity or college before 2018 ends? You should consider donating appreciated stock from…
3 ways to get more from your marketing dollars
November 27, 2018
A strong economy leads some company owners to cut back on marketing. Why spend the money if business is so good? Others see it differently…
Mutual funds: Handle with care at year end
November 27, 2018
As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to avoid…