When deciding whether to lease or buy equipment or other fixed assets, there are a multitude of factors to consider, including tax implications.
Category: Accounting
How to Boost Cash Flow with a Cost Segregation Study
If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accelerate depreciation deductions, reducing your taxes and boosting your cash flow.
Is R&D Expensing Gone for Good? What You Should Know
For decades, Congress has recognized that companies engaging in research shouldn’t be penalized. Since 1954, businesses have been able to write off R&D expenses in the year they incur them, without having to amortize the spending over time.
Working Remotely Can Be Taxing
As businesses continue to embrace remote work, it’s crucial to grasp the state tax implications, especially if your employees are working from a different state than your business’s location. Here are some key considerations:
Are you liable for “nanny taxes”?
If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to understand your tax obligations, commonly referred to as “nanny taxes.”
When can you deduct business-related meals – and how much can you deduct?
The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or incurred after 2017.
How to Manage a Net Operating Loss
If you completed your tax return and had more expenses than you did income, you may have what is known as a Net Operating Loss (NOL).
