Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that otherwise would have fallen on...
Security Summit warns of new IRS impersonation email scam; reminds taxpayers the IRS does not send unsolicited emails Security Summit warns of new IRS impersonation email scam; reminds taxpayers the IRS does not send unsolicited emails WASHINGTON — The Internal...
The “nanny tax” must be paid for more than just nannies You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper, gardener or other household employees (who isn’t an independent contractor) may make you...
Deducting business meal expenses under today’s tax rules In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors and employees. What can you deduct on your tax return for these expenses?...
Three questions you may have after you file your return Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year. Question #1: What...
Will leasing equipment or buying it be more tax efficient for your business? Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many...
