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Buying vs. Leasing Vehicles For Business

Driving Business Success: Navigating the Choice Between Buying and Leasing Vehicles

Choosing whether to buy or lease a business vehicle is a crucial decision that can significantly impact your company's financial health. Both options come with their own set of advantages...
Secure Act 2.0 - What you need to know

Bridging the Gap Between SECURE Act and SECURE Act 2.0: What You Need to Know

Bridging the Gap Between SECURE Act and SECURE Act 2.0: What You Need to Know Legislative changes play a significant part in determining the financial future of millions of Americans,...

2023 Last-Minute Year-End General Business Income Tax Deductions

2023 Last-Minute Year-End General Business Income Tax Deductions There’s nothing better than getting a tax refund from the IRS when tax season comes. Of course, there are many moving parts...

Processing New ERC Claims? What You Must Know About the IRS ERC Mess

The Employee Retention Credit (ERC) was an important tax credit available to specific employers. The program ended at the end of 2021, but employers can still claim it by filing...
Corporate Advances

Corporate Advances to the Owner: Loans, Dividends, or Salary?

Understanding the finances of owning a business is critical to your success, as well as your avoidance of serious issues with the IRS. Such is the case with corporate advances....
Small Business S-Corp Mistakes To Avoid

A Family Member S Corporation Health Insurance Mistake You Need to Avoid

If you own an S corporation, you know you are required to follow certain rules and regulations. However, there can be some confusion over certain aspects. Below, we’ll be discussing...
1099 Requirements For Businesses

1099 Requirements for Businesses: What You Need to Know

The Internal Revenue Service (IRS) requires a business to complete and distribute 1099 forms to payees and the federal and state taxing authorities. The 1099 form allows businesses to report...
IRS Mileage

Are You Cheating Yourself by Using IRS Mileage Rates?

Are you using the standard IRS mileage rates for your business travels? Did you even know there was another option? The good news is that there is, and it might...
Last Minute Vehicle Purchases

2022 Last-Minute Vehicle Purchases to Save on Taxes

It’s that time of year again: tax time. Businesses across the US are gearing up for the grueling task of limiting their liability, maximizing tax deductions, and protecting their profits....