Gifts to employees are a traditional way to thank people important to your business, but the IRS says certain types of gifts are taxable, and following the rules can prevent a spoiler later.
If you run a business and your good cheer includes giving gifts to employees or customers, the IRS has been thinking about you. Here is a brief guide to the rules.
Livestock held primarily for sale by for-profit farmers must be included in inventory. However, livestock held for draft, breeding, or dairy purposes can either be included in inventory or depreciated. Learn more.
This article discusses the basics of accountable plans. What are the requirements? What are the alternatives? How do you set up an accountable plan? Read this article for Accountable Plans 101.
The disruption and destruction caused by natural disasters to both individuals and businesses make tax relief necessary and helpful to the restoration process.
As you grow, your professional support network — including your CPA — should grow with you.
Beginning January 1, 2018, this deduction can no longer be taken due to the new tax reform. You can keep up with the latest on tax reform in our resource center.
There are a number of changes in tax laws that business owners will want to consider as they look ahead to the 2017 tax filing season.
Simplified Employee Pension Plans (SEPs) allow unusual flexibility for businesses that operate on cash-basis accounting and generally can only recognize expenses for tax purposes when they are actually paid.
According to the IRS, business identity theft is growing and individual identity theft or tax fraud is diminishing.