by angieduran | Mar 18, 2020 | Uncategorized
Do you own a business but haven’t gotten around to setting up a tax-advantaged retirement plan? Fortunately, it’s not too late to establish one and reduce your 2019 tax bill. A Simplified Employee Pension (SEP) can still be set up for 2019, and you can make...
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...
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