6 Simple Ways To Decrease Your Business Expenses

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Are you worried about the skyrocketing business costs? Don’t worry, you are not the only one! When it comes to small businesses, one of the biggest [...]

Tax errors inadvertently committed by small business owners

Tax errors by small business owners
  We have noticed small businesses making common tax errors while filing their returns. These common errors might include accidentally overriding [...]

All about tax treatment for family members working in the family business

If you are a business owner and have your family members working with you, then you need to know about the tax treatment of your income and losses. As per [...]

IRS Revenue Procedure 2019-38: How can you benefit?

Good news for rental real estate owners! The IRS has recently issued the Revenue Procedure Code 2019-38. The code would allow taxpayers who have a stake in [...]

11 new IRS Compliance Campaigns

IRS LB&I Division Announces Additional Compliance Campaigns: Earlier this year, the IRS's Large Business and International (LB&I) division adopted a [...]

How to Collect Tax Benefits for Business Bad Debts

From a business perspective, there’s practically nothing worse than providing goods or services to a customer or client and not getting paid. Or maybe [...]

Employees or Contractors: Which Should a Business Hire?

Busy season has arrived and with it comes longer days and increased workloads. As you help your clients prepare for tax season, it’s imperative that you [...]

IRS: Make Sure Loans are Business-Like

Parents and grandparents often lend money to their children or grandchildren to help with major expenditures like education, a wedding or the purchase of a [...]

Loaning Money to Your Family, Friend, or Business?

Neither a lender nor a borrower be, said Shakespeare―but for many of us, that’s just not practical advice. Jack’s son, Liam, is buying a vacation [...]

The Only Three Reasons Entrepreneurs Need Accounting and Finance

Observing finance and accounting professionals – or the way academics at most business schools train them – might lead you to believe that finance and [...]