business tax

10 Considerations for Claiming PPP Loan Forgiveness and the ERC Tax Credit

Business owners need to make choices on their 2021 taxes regarding the Paycheck Protection Program and the Employee Retention Credit. Both were enacted to help businesses stay in operation during the lockdowns caused by the COVID-19 pandemic. The PPP provided forgivable loans to businesses, and the ERC was intended to

2022-02-15T14:03:22-07:00February 15th, 2022|

Deducting Business Meal Expenses

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? The rules changed for deducting business meal expenses under the Tax Cuts and Jobs Act (TCJA),

2021-04-12T14:55:28-06:00May 1st, 2019|

Cost Segregation Study – Accelerate Depreciation Deductions

Cost Segregation Study - Accelerate Depreciation Deductions Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. These studies combine accounting and engineering techniques to identify building costs that are properly allocable to tangible personal property rather

2021-04-12T14:55:54-06:00September 25th, 2018|

Handle Buy-Sell Agreements with Care

Handle Buy-Sell Agreements with Care If you own an interest in a family-owned or other closely held business, a buy-sell agreement is a valuable document to have in place. These agreements specify whether — and under what circumstances — owners’ interests may be transferred. Buy-sell agreements should be planned and

2021-04-12T14:55:54-06:00September 25th, 2018|
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