One of the ways you get compensated for your business is wages, distributions, and expenses through home office reimbursements.
The home office reimbursement is a potential tax strategy that a corporation or partnership can use in their accountable plan.
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.
In our busy and fast-paced lives, it can become difficult to connect with people on a regular basis. However, humans are social creatures.
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?
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 specific…
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…