Tag: Small Business Tax

If you’re confused about the federal tax treatment of business-related meal and entertainment expenses, you’re not alone. The rules have changed in recent years. Let’s take a look at what

You may be concerned about high self-employment (SE) tax bills if you own a growing, unincorporated small business. The SE tax is how Social Security and Medicare taxes are collected

How much can you and your employees contribute to your 401(k)s or other retirement plans next year? The IRS recently announced cost-of-living adjustments, in Notice 2024-80, that apply to the

As a business owner, you may travel for a number of reasons, including to visit customers, attend conferences, check on vendors, and for other purposes. Understanding which travel expenses are

Consider a solo 401(k) plan if you own a small business with no employees (other than your spouse) and want to set up a retirement plan. This is also an

As we approach 2025, the Social Security Wage Base will be changing. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to

The IRS is increasing its audit efforts, focusing primarily on large businesses and high-income individuals. By 2026, it plans to almost triple its audit rates for large corporations with assets

Does your business require real estate for its operations? Or do you hold property titled under your business’ name? If that’s the case, it may be worth considering this strategy.

Employee health coverage is a significant part of many organizations’ benefits packages. However, when offering health insurance, the administrative responsibilities that accompany it can be complex. One crucial aspect is

Here are key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. It’s important to note that this list isn’t all-inclusive, so there may be additional