by Sarah Boehle Pool | Oct 24, 2022 | Latest News
How to treat business website costs for tax purposes These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of...
by Sarah Boehle Pool | Oct 20, 2022 | Latest News
Provide employee parking? Here’s what the IRS wants to know Many offices, plants and other business facilities are once again filled with real, live people. And those hard-working employees need somewhere to park. If your company provides parking as a fringe benefit —...
by Sarah Boehle Pool | Oct 17, 2022 | Latest News
Three tax breaks for small businesses Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. 1. QBI deduction For 2018 through 2025, the qualified...
by Sarah Boehle Pool | Oct 13, 2022 | Latest News
6 steps to easing employees’ fears about innovation Business owners often find the greatest obstacle to innovation isn’t the change itself, but employees’ resistance to it. Their hesitation or outright defiance is frequently driven by fear. Some workers might worry...
by Sarah Boehle Pool | Oct 12, 2022 | Latest News
How to avoid the early withdrawal tax penalty on IRA distributions When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what...
by Sarah Boehle Pool | Oct 10, 2022 | Latest News
Important considerations when engaging in a like-kind exchange A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind”...
