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05
DEC
2022
Choosing a business entity? Here are the pros and cons of a C corporation

Choosing a business entity? Here are the pros and cons of a C corporation

If you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the major advantages and disadvantages of doing business as a C corporation. A C corporation allows the business to be treated and taxed as a...
30
NOV
2022
Take a look at stock options as a recruitment tool

Take a look at stock options as a recruitment tool

According to the U.S. Bureau of Labor Statistics, the U.S. unemployment rate rose slightly to 3.7% in October. Seeing as how that’s still a relatively low number, your business may be struggling to fill its open positions. Offering equity-based compensation to job candidates is...
29
NOV
2022
Strategies for investors to cut taxes as year-end approaches

Strategies for investors to cut taxes as year-end approaches

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales Individuals are subject...
28
NOV
2022
Intangible assets: How must the costs incurred be capitalized?

Intangible assets: How must the costs incurred be capitalized?

These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? IRS regulations require the capitalization of costs to: Acquire or create an intangible asset, Create or enhance a separate, distinct...
28
NOV
2022
Choosing a retirement plan for your small business

Choosing a retirement plan for your small business

Most growing small businesses reach a point where the owner looks around at the leadership team and says, “It’s time. We need to offer employees a retirement plan.” Often, this happens when the company is financially stable enough to administer a retirement plan and make...
22
NOV
2022
Year-end giving to charity or loved ones

Year-end giving to charity or loved ones

The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the basic tax rules involved in these transactions. Donating to charity  In 2022, in order to receive a...
21
NOV
2022
Is your business closing? Here are your final tax responsibilities

Is your business closing? Here are your final tax responsibilities

Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration, Staffing shortages, Partner conflicts, and Increased supply costs. If you’ve decided to close your business, we’re here to assist you in any...
16
NOV
2022
Like every business, a start-up needs a sensible budget

Like every business, a start-up needs a sensible budget

Are you thinking about launching a start-up? Or do you just want to get back to the basics of good budgeting? Here’s a look at the foundation of a solid budget.
15
NOV
2022
How savings bonds are taxed

How savings bonds are taxed

Do you own savings bonds? Here’s how the interest on the bonds is taxed.
14
NOV
2022
Computer software costs: How does your business deduct them?

Computer software costs: How does your business deduct them?

The tax treatment of computer software costs can be more complicated than you might think. Here are the basic rules.