by KLPCPA | Oct 29, 2018 | Small Business, Taxes
The Tax Cuts and Jobs Act (TCJA) didn’t change the federal tax credit for “increasing research activities,” but several TCJA provisions have an indirect impact on the credit. As a result, the research credit may be available to some businesses for the first time....
by KLPCPA | Oct 8, 2018 | Small Business, Taxes
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some...
by KLPCPA | Oct 1, 2018 | Small Business, Taxes, Uncategorized
Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation deductions, thus reducing taxes and boosting cash flow. And the potential...
by KLPCPA | Sep 24, 2018 | Small Business, Taxes
Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. And identity thieves have become more sophisticated, knowing filing practices, the tax code and the best ways to get...
by KLPCPA | Sep 17, 2018 | Small Business, Taxes
Does your business reimburse employees’ work-related travel expense? If you do, you know that it can help you attract and retain employees. If you don’t, you might want to start, because changes under the Tax Cuts and Jobs Act (TCJA) make such reimbursements even more...
by KLPCPA | Aug 13, 2018 | Small Business, Taxes
The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash accounting method, making this method — which is simpler than the accrual method — available to more businesses. Now the IRS has provided procedures a small business taxpayer can use...
