Small Business

June 5, 2023

Traveling for business this summer? Here’s what you can deduct.

If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under tax law, in order […]
June 19, 2023

The Trust Fund Recovery Penalty: Who can it be personally assessed against?

If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust Fund […]
July 3, 2023

Advantages and disadvantages of claiming big first-year real estate depreciation deductions

Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. But should […]
July 11, 2023

Starting a business? How expenses will be treated on your tax return

Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports that business applications […]