How to salvage a casualty loss deduction
You’ve likely heard about the volcanic eruptions in Hawaii and how they’ve caused extensive damage to the property of several U.S. taxpayers. And as we head into hurricane and tornado […]
Feast on tax benefits for company picnics
Have you planned a summer outing for your employees? It might be a picnic or barbecue for the Fourth of July. Despite recent tax law changes eliminating most entertainment and […]
Supreme Court opens door to taxation of online sales
In a much-anticipated ruling that confounded the expectations of many court watchers, the U.S. Supreme Court has given state and local governments the green light to impose sales taxes on […]
Turn your refresher course into a tax break
Maybe you feel the need to brush up on your skills in your particular line of work. One option is to take a refresher course at a local college this […]
What businesses need to know about the tax treatment of bitcoin and other virtual currencies
Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to as digital, electronic or cryptocurrency. […]
Your roadmap to business travel deductions
If you have a business trip lined up to a charming city or summer resort, you may end up tacking on a few days of vacation while you’re there. And […]
Putting your child on your business’s payroll for the summer may make more tax sense than ever
If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. […]
Zero in on target work credits this summer
Is your company looking to hire new employees or take on extra help for the summer? If you hire workers from groups of people the government identifies as having major […]
IRS Reminds Employers of Expanded and Modified Work Opportunity Tax Credit (WOTC
The WOTC allows employers that hire members of targeted groups who face employment barriers to claim a credit against income tax of a percentage of first-year wages. In a recent […]
Getting to know your credit and debit cards a bit better
Virtually everyone has a credit and debit card these days. But many of us still live in fear of these plastic necessities because we’re not terribly familiar with the fine […]