Tax Breaks for Small Businesses

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. 1. QBI Deduction For 2018 through 2025, the qualified business income (QBI) deduction is available to eligible individuals, trusts and estates. But it’s not

August 16th, 2022|

Transaction Costs – Maximize Your Tax Benefits

The 2021 tax year saw an uptick in M&A activity, and the trend appears to be continuing. Whether related to an acquisition, merger, restructuring, reorganization, initial public offering or spin-off, the costs paid by companies to service providers such as investment bankers, attorneys, accountants and consultants to investigate and pursue

August 2nd, 2022|

Is Remote Employees’ Transportation and Travel to the Office Taxable or Nontaxable?

  Many businesses are now allowing employees great flexibility to choose their work location. A common work arrangement allows an employee to regularly work remotely (e.g., from their personal residence) and to work in the employer’s office as needed. Employers are asking whether the expenses incurred by the remote employee

August 2nd, 2022|
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