ConnollySteele2 days ago1 min2023 Q2 tax calendar: Key deadlines for businesses and employersHere are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in...
ConnollySteele2 days ago3 minTwo important tax deadlines are coming up — and they don’t involve filing your 2022 tax returnApril 18 is the deadline for filing your 2022 tax return. But a couple of other tax deadlines are coming up in April and they’re...
ConnollySteeleMar 142 minThe 2022 gift tax return deadline is coming up soonDid you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re...
ConnollySteeleMar 142 minChanges in Sec. 174 make it a good time to review the R&E strategy of your businessIt’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...
ConnollySteeleMar 72 minProtect the “ordinary and necessary” advertising expenses of your businessUnder tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new...
ConnollySteeleMar 73 minClaiming losses on depreciated or worthless stockHave you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you...
ConnollySteeleMar 22 minBuying a new business vehicle? A heavy SUV is a tax-smart choiceIf you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break...