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The Tax Implications of a Company Car
The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in...
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Tax Updates & Compliance
Expenses That Teachers Can and Can’t Deduct on Their Tax Returns
As teachers head back for a new school year, they often pay for various expenses for which they don’t receive reimbursement. Fortunately,...
Should You Elect S Corporation Status?
Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least...
IRS Unveils New Tax Withholding Estimator
The IRS has unveiled its latest online tool, the "Tax Withholding Estimator." The estimator, which replaces the "Withholding Calculator," assists workers, retirees,...
Taking a Long-Term Approach to Certain Insurance Documentation
After insurance policies expire, many businesses just throw away the paper copies and delete the digital files. But you may need to...
Take a Closer Look at Home Office Deductions
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home...
