Tackle Inflation: 3 Cost-Cutting Tips for Businesses
Every business wants to cut costs, but it sure isn’t easy. We’re talking about clear and substantial ways to lower expenses, thus strengthening cash flow and giving you a better …
4 Ways to Ensure Corporate-Owner Compensation is “Reasonable”
If you own a C corporation, you know there’s a tax advantage to taking money out as compensation rather than as dividends. The reason: A corporation can deduct the salaries …
What can I deduct from business travel?
If you and your employees will be traveling for business this year, there are many factors to keep in mind. Under the tax law, certain requirements for out-of-town business travel …
Pitfalls: First-year Bonus Depreciation and Sec. 179 Expensing
Eligible taxpayers can elect to use bonus depreciation or Section 179 expensing to deduct the full cost of eligible property in the year it’s placed in service. Alternatively, they may …
Do you run a business from home?
If you’re self-employed and run your business from home, or perform certain functions there, you might be able to claim deductions for home office expenses against your business income. There …