CPA Blog

Taking your spouse on a business trip? Can you write off the costs?

Details

Published: Tuesday, 20 February 2024 11:14

Written by Phillip Strickler, CPA.CITP

A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit $928.4 billion by 2030, according to a report from Research and Markets. If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips.

Read more ...

Get ready for the 2023 gift tax return deadline

Details

Published: Tuesday, 13 February 2024 11:18

Written by Phillip Strickler, CPA.CITP

Did you make large gifts to your children, grandchildren or others last year? If so, it’s important to determine if you’re required to file a 2023 gift tax return. In some cases, it might be beneficial to file one — even if it’s not required.

Read more ...

How businesses can reinvigorate strategic planning

Details

Published: Wednesday, 07 February 2024 10:40

Written by Phillip Strickler, CPA.CITP

For businesses, and people for that matter, the beginning of the calendar year can be a bit of a grind. The holidays have passed, summer vacations are relatively far off and everyone is trying to build momentum for a strong, healthy year.

Read more ...

Filing jointly or separately as a married couple: What’s the difference?

Details

Published: Tuesday, 06 February 2024 12:26

Written by Phillip Strickler, CPA.CITP

When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility for certain tax breaks and your correct tax.

The five filing statuses are:

Read more ...