ConnollySteeleDec 12, 20222 minDo you qualify for the QBI deduction? And can you do anything by year-end to help qualify?If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is...
ConnollySteeleOct 10, 20222 minWhat local transportation costs can your business deduct?You and your small business are likely to incur a variety of local transportation costs each year. There are various tax implications for...
ConnollySteeleSep 7, 20223 minYear-end tax planning ideas for your small businessNow that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year...
ConnollySteeleMar 21, 20222 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...
ConnollySteeleFeb 7, 20222 minImportant tax aspects of operating your business as a sole proprietorIf you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects...
ConnollySteeleDec 28, 20212 minGig workers should understand their tax obligationsThe number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center...