Simple Retirement Savings Options for Your Small Business

Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? Two options to consider are a “simplified employee [...]

By |2021-04-12T12:14:32-04:00April 12th, 2021|Categories: Blog, Tax|Tags: , , , , |Comments Off on Simple Retirement Savings Options for Your Small Business

Need a New Business Vehicle? Consider a Heavy SUV

Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit from lucrative tax rules for those vehicles. Bonus Depreciation Under [...]

By |2021-03-29T11:55:41-04:00March 29th, 2021|Categories: Blog, Tax|Tags: , , , , , |Comments Off on Need a New Business Vehicle? Consider a Heavy SUV

Is an S Corporation the Best Choice of Entity for your Business?

Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for your new venture. Here’s an explanation of the reasons [...]

By |2021-03-22T12:36:26-04:00March 22nd, 2021|Categories: Blog, Tax|Tags: , , , , , |Comments Off on Is an S Corporation the Best Choice of Entity for your Business?

Good News for Taxpayers: Individual Deadline Extended

Due to the ever-evolving financial state, the IRS and California FTB have decided to give taxpayers a month-long respite. This change only applies to individuals and does not impact other taxpayers like corporations and trusts due on April 15. [...]

By |2021-03-19T12:06:09-04:00March 18th, 2021|Categories: Blog, COVID-19, Tax|Tags: , , |Comments Off on Good News for Taxpayers: Individual Deadline Extended

Business Highlights in the New American Rescue Plan Act

President Biden signed the $1.9 trillion American Rescue Plan Act (ARPA) on March 11. While the new law is best known for the provisions providing relief to individuals, there are also several tax breaks and financial benefits for businesses. [...]

By |2021-03-15T18:01:16-04:00March 15th, 2021|Categories: Blog, COVID-19|Tags: , , , , , , , , , |Comments Off on Business Highlights in the New American Rescue Plan Act

Virtual Round Table Discussion | R&D Tax Credits: How to Lower Your Operating Costs in 2021

SSF's Cole Marr and Ariane Woods will outline the activities and areas of opportunities within your organization to help you discover the advantages of federal and state R&D tax credits. The R&D tax credit impact can significantly reduce tax liabilities [...]

By |2021-03-12T11:32:50-05:00December 17th, 2020|Categories: |Tags: , , , |Comments Off on Virtual Round Table Discussion | R&D Tax Credits: How to Lower Your Operating Costs in 2021

Do You Want to Withdraw Cash From Your Closely Held Corporation at a Low Tax Cost?

Owners of closely held corporations often want to easily withdraw cash from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable [...]

By |2020-11-09T14:10:31-05:00November 9th, 2020|Categories: Blog, Tax|Tags: , , |Comments Off on Do You Want to Withdraw Cash From Your Closely Held Corporation at a Low Tax Cost?

Business Website Costs: Guidance For Taxes

The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs, and IRS guidance [...]

By |2020-10-02T14:28:29-04:00September 21st, 2020|Categories: Blog, Tax|Tags: , , , |Comments Off on Business Website Costs: Guidance For Taxes

Questions On Deferring Employees’ Social Security Taxes

The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain payroll tax obligations. This guidance aims to address employers' questions and concerns about deferring employees’ [...]

By |2020-10-02T16:33:49-04:00September 8th, 2020|Categories: Blog, Tax|Tags: , , , |Comments Off on Questions On Deferring Employees’ Social Security Taxes

CARES Act Made Changes To Excess Business Losses

The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may be opportunities for some businesses to file amended tax returns. If you hold an [...]

By |2020-10-02T16:58:26-04:00August 26th, 2020|Categories: Blog, Tax|Tags: , , , , , , , |Comments Off on CARES Act Made Changes To Excess Business Losses
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