Hawkins Ash Tax Articles

Businesses Hsas

2023 Limits for Businesses That Have HSAs – or Want to Establish Them

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way ...
Computer Software Costs

Computer Software Costs: How Does Your Business Deduct Them?

These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer ...
Social Security Wage Base

Employers: In 2023, the Social Security Wage Base Is Going Up

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for ...
Inflation Retirement

Inflation Means You and Your Employees Can Save More for Retirement in 2023

How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice ...
Selling Business Property

Selling Business Property? Know the Tax Effects

Many rules can potentially apply to the sale of business property, but what are the tax consequences? For simplicity, let’s ...
Gift Tax

Year-End Gifts and the Gift Tax Annual Exclusion

With the holidays and year-end approaching, you might be considering making gifts of stock or cash to family members and ...
Fringe Benefits

Providing Fringe Benefits to Employees With No Tax Strings Attached

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees ...
Deduct Transportation Costs

What Local Transportation Costs Can Your Business Deduct?

You and your small business are likely to incur a variety of local transportation costs each year. There are various ...