ConnollySteeleApr 62 minFully deduct business meals this yearThe 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...
ConnollySteeleMar 293 minIt’s almost that time of year again! If you’re not ready, file for an extensionThe clock is ticking down to the April 18 tax filing deadline. Sometimes, it’s not possible to gather your tax information and file by...
ConnollySteeleMar 281 min2022 Q2 tax calendar: Key deadlines for businesses and other employersHere are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in...
ConnollySteeleMar 233 minThe tax rules of renting out a vacation propertySummer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting...
ConnollySteeleMar 212 minTaking the opposite approach: Ways your business can accelerate taxable income and defer deductionsTypically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But...
ConnollySteeleMar 162 minWhen inheriting money, be aware of “income in respect of a decedent” issuesOnce a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain...
