Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of theRead more.
You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax yearRead more.
If your business involves the production, purchase or sale of merchandise, your inventory accounting method can significantly affect your taxRead more.
Could your company’s benefits package use a bit of an upgrade? If so, one idea to consider is adding anRead more.
There are many ways to save for a child’s or grandchild’s education. But one has annual contribution limits, and ifRead more.
Many businesses receive payment in advance for goods and services. Examples include magazine subscriptions, long-term supply contracts, organization memberships, computerRead more.
Employers who offer retirement savings plans are already helping their workforces. But not all employees take advantage of these plans.Read more.
Income tax generally applies to all forms of income, including cancellation-of-debt (COD) income. Think of it this way: If aRead more.