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Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do… Read More »The possible tax landscape for businesses in the future

Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are… Read More »Business website expenses: How they’re handled for tax purposes

While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close… Read More »Closing a business involves a number of tax responsibilities

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing… Read More »If your business has co-owners, you probably need a buy-sell agreement 

If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply.… Read More »Be aware of the tax consequences of selling business property

If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank.… Read More »Consider borrowing from your corporation but structure the deal carefully

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2024. Keep in mind that this list… Read More »2024 Q3 tax calendar: Key deadlines for businesses and other employers

With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge,… Read More »Hiring your child to work at your business this summer

The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for computing corporate… Read More »Figuring corporate estimated tax

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on inflation, and… Read More »Inflation enhances the 2025 amounts for Health Savings Accounts

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the… Read More »Emil @ CPA Daytraders gives you Tax tips when buying the assets of a business