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...
ConnollySteeleFeb 283 minThe election to apply the research tax credit against payroll taxesThe credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break...
ConnollySteeleJan 202 minNumerous tax limits affecting businesses have increased for 2022Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown...
ConnollySteeleDec 6, 20213 minThe tax implications of owning a corporate aircraftIf your business is successful and you do a lot of business travel, you may have considered buying a corporate aircraft. Of course, there...
ConnollySteeleNov 15, 20212 minBusinesses can show appreciation — and gain tax breaks — with holiday gifts and partiesWith Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business may want to show its...
Melissa PravlikSep 23, 20213 minTax depreciation rules for business automobilesIf you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are...
Melissa PravlikAug 17, 20212 minPossible tax consequences of guaranteeing a loan to your corporationWhat if you decide to, or are asked to, guarantee a loan to your corporation? Before agreeing to act as a guarantor, endorser or...
Melissa PravlikAug 3, 20212 minIs an LLC the right choice for your small business?Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your...
Melissa PravlikAug 1, 20212 minThe deductibility of corporate expenses covered by officers or shareholdersDo you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind...
