Merry May Tax Moves
Welcome to the merry, merry month of May, which is particularly joyous for folks who’ve finished up their 2016 tax returns. That’s almost 136 million of us, with around 17 million of those 1040 forms arriving at Internal Revenue Service processing centers in the final days of this year’s main filing season. While the 2017 […]
Startups Can Choose New Option for Claiming Research Credit
Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue Service. During National Small Business Week—April 30 to May 6—the IRS is highlighting tax benefits and resources designed to help new and existing […]
IRS Rollout for E-Services Upgrade
The Internal Revenue Service is planning June 18 as the tentative date for moving its e-Services platform to what it promises will be more secure and modern technology. In recent years, the IRS has experienced security breaches from identity thieves targeting several of its online self-service applications, including the Get Transcript app, the Identity Protection […]
Accounting Niche in the Restaurant Industry: What You Need to Know
The restaurant industry has areas that are totally specific to it. Those who want to get into that area, who want to do it right, need to become experts in those areas that really differentiate that industry: Most restaurant clients are tax oriented clients; sometimes you will have audits if you have a large restaurant […]
Year End Small Business Tax Tips
When the year begins to wind down, many small businesses wonder if there are any last-minute tax tips that can save some money when they pay taxes. After all, once the year is up you may lose the ability to claim certain deductions or benefits, so it makes sense to ensure you’re taking advantage of […]
Five Tax Tips for New Businesses
If you start a business, one key to success is to know about your federal tax obligations. You will need to know not only about income taxes but also about payroll taxes and applicable state and local taxes. Here are five basic tax tips that can help get your business off to a good start. […]
