Writing Off Your Business Start-Up Expenses
Unfortunately, as a result of the COVID pandemic many small firms have gone out of business. However, with the help of vaccines and the waning lethali…
Business Expenses
S Corporations Reasonable Compensation Requirement
Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its inco…
Recordkeeping Tips to Keep the IRS Away
With the ever-increasing complexity of our tax system, it is commonplace for many small businesses to make mistakes with bookkeeping and filing. One w…
Video: Quick Tips for Effective Tax Record-Keeping
Keeping track of your business expenses for tax filing can be a huge pain. Here are some tricks on how to keep good records of your business transactions and avoid running into problems with the IRS.
Video tip: 100% Business Meal Deductions
To support the restaurant industry who was hit hard during the pandemic, Congress is giving businesses a tax break as a way to increase revenue to restaurants. Watch the video to see how this can apply to your business.
Tax-Free Grants for Restaurants
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses…
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