A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019.
Michael MacDonald, CPA, Principal
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest lev
There aren’t too many things businesses can do after a year end to reduce tax liability for that year.
The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes.
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019.
Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes.
How do you report revenue and expenses from long-term contracts?
If you’re an executive or another key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan.
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses.