One of the ways you get compensated for your business is wages, distributions, and expenses through home office reimbursements.
099: How to Determine Accountable Plan Reimbursements for Home Office – Part 2
The home office reimbursement is a potential tax strategy that a corporation or partnership can use in their accountable plan.
095: Using An Accountable Plan To Create Tax-Free Reimbursements
If you’re a small business owner with employees and you still don’t have an accountable plan, then now is the time to start thinking about it.
Do you spend time, converse, hang out with people like you?
In our busy and fast-paced lives, it can become difficult to connect with people on a regular basis. However, humans are social creatures.
Key Tax Deadlines For 2022
If you show up to your accountant or tax pro on the day your tax return is due or even a few days before, you’re likely too late to get it done in time.
Tax Planning Checklist for 2022
This is a great time of the year for tax planning – because it’s PROACTIVE and well-timed. Make sure these tax-reducing ideas are on your radar for 2022.
Understanding Tax Deductions for Mileage & Vehicles
One of the profit decisions business owners need to make is around vehicles. Should you buy a new vehicle or a used one? Can you buy a vehicle with all of your profit and get a tax deduction for it?
“Can I Write It Off?” – Giveback Promos
Wondering whether your percentage-of-sales donations are tax-deductible? Our resident tax expert explains it all. As you probably know, one of the hottest methods of business promotion these days is the giveback promo. You know, the Tom’s Shoes/Warby Parker/Burt’s Bees model where every item you buy gives something to someone in need. It can be a…
Can I Write It Off? – Donations / Monetary Gifts to Your Business
How does the IRS feel about family/friends helping you out? It was 11.13am on a Tuesday. I was sitting cross-legged on the floor in front of my laptop, listening to Dave Brubeck, banging out some work, looking forward to lunch. My caffeine buzz was wearing off, so I got up to make another cup of…