Jun 22, 2016 | Small Business, Tax Tips
Many businesses host a picnic for employees in the summer. It’s a fun activity for your staff, and you may be able to take a larger deduction for the cost than you would on other meal and entertainment expenses. Deduction limits Generally, businesses are limited to...
May 24, 2016 | Small Business
It seems like a simple question: How many full-time workers does your business employ? But when it comes to the Affordable Care Act (ACA), the answer can be complicated. The number of workers you employ determines whether your organization is an applicable large...
May 4, 2016 | Small Business
By investing in qualified small business (QSB) stock, you can diversify your portfolio and enjoy two valuable tax benefits: 1. Tax-free gain rollovers. If within 60 days of selling QSB stock you buy other QSB stock with the proceeds, you can defer the tax on your gain...
Apr 26, 2016 | Small Business
It’s not unusual for the IRS to conduct audits of qualified employee benefit plans, including 401(k)s. Plan sponsors are expected to stay in compliance with numerous, frequently changing federal laws and regulations. For example, have you identified all employees...
Mar 30, 2016 | Small Business
Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are often unaware that many expenses incurred by...
Mar 3, 2016 | Small Business, Uncategorized
Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two valuable credits are especially for small businesses that offer certain employee benefits. Can you claim one—or both—of them on your 2015 return? Retirement plan credit Small...
