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Fun fact: Tacking vacation days onto a deductible business trip.
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- Written by Phillip Strickler, CPA.CITP
CPA Client Blog - International Tax,Local tax and business issues
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- ► 2024 (76)
- ► December (3)
- ► November (6)
- • When can you deduct business meals and entertainment?
- • 3 types of retirement plans for growing businesses
- • Get tax breaks for energy-saving purchases this year because they may disappear
- • Business owners: Be sure you’re properly classifying cash flows
- • Unlocking the mystery of taxes on employer-issued nonqualified stock options
- • From flights to meals: A guide to business travel tax deductions
- ► October (10)
- • Surprise IT failures pose a major financial risk to companies
- • You don’t have to be in business to deduct certain vehicle expenses
- • Should your company offer fertility benefits?
- • Maximize your year-end giving with gifts that offer tax benefits
- • Turnaround acquisitions are risky growth opportunities for today’s companies
- • Is your money-losing activity a hobby or a business?
- • Working capital management is critical to business success
- • Unlock your child’s potential by investing in a 529 plan
- • How businesses can better retain their salespeople
- • Understanding your obligations: Does your business need to report employee health coverage?
- ► September (7)
- • IT strategy showdown: Enterprise architecture vs. Agile
- • Make year-end tax planning moves before it’s too late!
- • Businesses must stay on guard against invoice fraud
- • Is your home office a tax haven? Here are the rules for deductions
- • Understanding the $7,500 federal tax credit for buying an electric vehicle
- • 6 key elements of a business budget
- • 6 tax-free income opportunities
- ► August (8)
- • Brand audits can help companies in a variety of ways
- • Are you liable for two additional taxes on your income?
- • Business owners sometimes need to switch successors
- • Cash or accrual accounting: What’s best for tax purposes?
- • Does your company have an EAP? If so, be mindful of compliance
- • Are you unfairly burdened by a spouse’s tax errors? You may qualify for “innocent spouse relief”
- • Businesses should stay grounded when using cloud computing
- • Do you owe estimated taxes? If so, when is the next one due?
- ► July (8)
- • Would an adoption assistance program suit your company?
- • Business website expenses: How they’re handled for tax purposes
- • Strategic planning for businesses needs to include innovation
- • How are Series EE savings bonds taxed?
- • 3 areas of focus for companies looking to control costs
- • Planning your estate? Don’t overlook income taxes
- • Could a 412(e)(3) retirement plan suit your business?
- • Consider borrowing from your corporation but structure the deal carefully
- ► June (2)
- ► May (7)
- • You may be entitled to tax breaks if caring for an elderly relative
- • A three-step strategy to save tax when selling appreciated vacant land
- • Businesses must face the reality of cyberattacks and continue fighting back
- • The tax advantages of including debt in a C corporation capital structure
- • Pay attention to the tax rules if you turn a hobby into a business
- • 8 key features of a customer dispute resolution process for businesses
- • Taxes when you sell an appreciated vacation home
- ► April (5)
- • Watch out for “income in respect of a decedent” issues when receiving an inheritance
- • Why some businesses choose to execute a pivot strategy
- • Don’t have a tax-favored retirement plan? Set one up now
- • A general look at generative AI for businesses
- • The tax deadline is almost here: File for an extension if you’re not ready
- ► March (5)
- ► February (7)
- • Applying for a commercial loan with confidence
- • New option for unused funds in a 529 college savings plan
- • Small businesses can help employees save for retirement, too
- • Taking your spouse on a business trip? Can you write off the costs?
- • Get ready for the 2023 gift tax return deadline
- • How businesses can reinvigorate strategic planning
- • Filing jointly or separately as a married couple: What’s the difference?
- ► January (8)
- • 3 common forms of insurance fraud (and how businesses can fight back)
- • If you gave to charity in 2023, check to see that you have substantiation
- • Seeing the big picture with an enterprise risk management program
- • Account-based marketing can help companies rejoice in ROI
- • Did your business buy the wrong software?
- • The kiddie tax could affect your children until they’re young adults
- • Perform an operational review to see how well your business is running
- • It’s possible (but not easy) to claim a medical expense tax deduction
- ► 2023 (74)
- ► December (8)
- • 3 types of internal benchmarking reports for businesses
- • The standard business mileage rate will be going up slightly in 2024
- • Reinvigorating your company’s sales efforts heading into the new year
- • Court awards and out-of-court settlements may (or may not) be taxed
- • How businesses can get better at data capture
- • The “nanny tax” must be paid for nannies and other household workers
- • Is your business underestimating the value of older workers?
- • 4 ideas that may help reduce your 2023 tax bill
- ► November (3)
- ► October (8)
- • Contributing to your employer’s 401(k) plan: How it works
- • What businesses can expect from a DOL benefits plan audit
- • Facing a future emergency? Two new tax provisions may soon provide relief
- • Valuations can help business owners plan for the future
- • Business automobiles: How the tax depreciation rules work
- • The tax implications of renting out a vacation home
- • Could value-based sales boost your company’s bottom line?
- • Casualty loss tax deductions may help disaster victims in certain cases
- ► September (8)
- • Business owners: Think carefully about fringe benefits related to smartphones
- • What are the tax implications of winning money or valuable prizes?
- • What businesses can expect from a green lease
- • It’s important to understand how taxes factor into M&A transactions
- • 4 best practices for effective strategic planning meetings
- • Investment swings: What’s the tax impact?
- • Could your business benefit from interim financial reporting?
- • Plan now for year-end gifts with the gift tax annual exclusion
- ► August (7)
- • Reviewing and adjusting your marketing strategy
- • Selling your home for a big profit? Here are the tax rules
- • Look carefully at three critical factors of succession planning
- • Guaranteeing a loan to your corporation? There may be tax implications
- • Cost containment: An important health care benefits objective for businesses
- • 5 tips for more easily obtaining cyberinsurance
- • Should your business add a PTO buying feature to its cafeteria plan?
- ► July (7)
- • Consider adverse media screening to vet vendors, customers and others
- • A tax-smart way to develop and sell appreciated land
- • Improving your company’s sales pipeline management
- • Retirement account catch-up contributions can add up
- • Strong billing processes are critical to healthy cash flow
- • Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”
- • That email or text from the IRS: It’s a scam!
- ► June (2)
- ► May (6)
- • Is it time for a targeted marketing campaign?
- • 4 tax challenges you may encounter if you’re retiring soon
- • Addressing pay equity at your business
- • Questions you may still have after filing your tax return
- • 6 tried-and-true strategies for improving collections
- • Education benefits help attract, retain and motivate your employees
- ► April (9)
- • Businesses, be prepared to champion the advantages of an HSA
- • Tax news for investors and users of cryptocurrency
- • Strengthen strategic planning with competitive intelligence
- • There’s a favorable “stepped-up basis” if you inherit property
- • 5 valuation terms that every business owner should know
- • Paperwork you can toss after filing your tax return
- • Paperwork you can toss after filing your tax return
- • It’s happening: Using social media for customer service
- • The tax advantages of hiring your child this summer
- ► March (9)
- • How businesses can use stress testing to improve risk management
- • Some taxpayers qualify for more favorable “head of household” tax filing status
- • ACA penalties will rise in 2024
- • Two important tax deadlines are coming up — and they don’t involve filing your 2022 tax return
- • Keep an eye out for executive fraud
- • The 2022 gift tax return deadline is coming up soon
- • Forming a cross-functional sales team
- • Protect the “ordinary and necessary” advertising expenses of your business
- • Supreme Court: Overtime rules still apply to highly compensated employees
- ► February (7)
- • Awarded money in a lawsuit or settlement? It’s only tax-free in certain circumstances
- • Influencer marketing could help your business (or not)
- • There still may be time to make an IRA contribution for last year
- • Child tax credit: The rules keep changing but it’s still valuable
- • Sailing a steady ship in today’s interesting economy
- • Have employees who receive tips? Here are the tax implications
- • Look to a SWOT analysis to make better HR decisions
- ► December (8)
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