Fourth Quarter 2021 ERC Gets the Axe with Passing of Infrastructure Bill
The Infrastructure Investment and Jobs Act was recently signed into law by President Biden. Included in the 1,039 page Bill are plans for federal highway, transit and safety programs, the nation’s broadband system, and climate change initiatives sprinkled amongst a...
Many Factors Are Involved When Choosing a Business Entity
Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you — a C corporation or a pass-through entity such as a sole-proprietorship, partnership, limited liability company...
Would You Like to Establish a Health Savings Account For Your Small Business?
With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds...
Giving Bad Debts the Business
When one of your company’s customers can’t pay up, you may be able to give that debt “the business.” That is, you may be able to claim a tax deduction under Internal Revenue Code Section 166. To successfully do so, however, you’ll need to know how the tax code defines...