by angieduran | Mar 16, 2020 | Uncategorized
If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). The WOTC was set to expire on...
by angieduran | Mar 11, 2020 | Uncategorized
If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason is simple. A corporation can deduct the salaries and bonuses that it pays...
by angieduran | Mar 2, 2020 | Uncategorized
These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintain it. But determining the proper tax treatment for the costs involved in developing a website isn’t so easy. That’s because the IRS hasn’t released any...
by angieduran | Feb 28, 2020 | Uncategorized
If you’re about to ask for a business loan, expect to deal with the issue of covenants – constraints lenders impose on your company to keep it operating within specified financial ratios and to prevent it from taking certain actions. These clauses are...
by angieduran | Feb 26, 2020 | Uncategorized
If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you can deduct the “direct expenses” of the home office. This includes the costs of painting or...
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