The Tax Implications if your Business Engages in Environmental Cleanup

If your company faces the need to “remediate” or clean up environmental contamination, the money you spend can be deductible on your tax return as ordinary and necessary business expenses. Of course, you want to claim the maximum immediate income [...]

By |2019-11-18T15:39:13-05:00November 18th, 2019|Categories: Blog, Small Business Services, Tax|Tags: , , , |0 Comments

Do You Qualify for the Home Office Deduction?

Under the Tax Cuts and Jobs Act, employees can no longer claim the home office deduction. If, however, you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the [...]

By |2019-03-11T20:45:36-04:00July 30th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

How to Avoid Getting Hit with Payroll Tax Penalties

For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under [...]

By |2019-04-10T20:52:28-04:00July 9th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

Charitable Contributions Are Over… Or Are They?

With the recent changes in the tax law, you may hear your friends saying “well, I can no longer get a tax deduction for my charitable contributions so I guess I’ll stop.” Or maybe you have been thinking the same [...]