Employers scrambling to send health care-related tax forms to their employees by February 1 now have more time to do so, according to an IRS announcement earlier this week. The…
Recent Insights
1099 Reporting Requirements
As the calendar year draws to a close there are a number of important tax-related housekeeping items that require an employer’s attention. Chief among these is Form 1099 reporting, which…
What Makes Your Business Valuable, Part 2: Value Drainers
In part one of our blog series on business value, we identified key drivers that underpin a company’s worth. Just as certain factors drive value, the lack of them, or…
IRS Expands New Opportunity to Write-Off Asset Purchases
Businesses are now able to take an immediate tax deduction for all tangible assets they acquire which individually cost less than $2,500. This is a significant taxpayer-friendly change announced last…
What You Need to Know about Child Care Tax Deductions
Any working mom or dad with young children understands the impact of child care on the family budget. The good news is that you may qualify for a tax deduction…