Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources....

Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can...

Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought and...

If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who...

It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them in certain...

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind...

Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide...

There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed...

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits,...

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for...

Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more...

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that...

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the...

Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit...

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S...

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19...

The clock is ticking down to the April 18 tax filing deadline. Sometimes, it’s not possible to gather your tax information and file by...

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in...

Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But...