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New HRA offers small employers an attractive, tax-advantaged health care option
In December, Congress passed the 21st Century Cures Act. The long and complex bill covers…
Can you defer taxes on advance payments?
Many businesses receive payment in advance for goods and services. Examples include magazine subscriptions, long-term…
Why 2016 may be an especially good year to take bonus depreciation
Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming…
The “manufacturers’ deduction” isn’t just for manufacturers
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred…
Take small-business tax credits where credits are due
Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two available credits are especially…
SEPs: A powerful retroactive tax planning tool
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business…