Hawkins Ash Tax Articles

Business Per Diem

New per Diem Business Travel Rates Became Effective on October 1

Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal ...
Business State Tax

State Taxes Impact Business Sales, Too

For various reasons, business owners sometimes decide to put their companies on the market. To successfully negotiate the sale of ...
influx of cash

Don’t Get Blown Away by a Windfall

Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many ...
M&A Transactions

M&A Transactions: Be Careful When Reporting to the IRS

Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, ...
medical expense deductions

The Deductibility of Medical Expenses

Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging, ...
Prepared for IRS Audit

Being Prepared for an IRS Audit

The IRS recently announced it intends to hire thousands of new employees as part of a tax-enforcement push. This could ...
Small Business Week

Tax Breaks to Consider During National Small Business Week

The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the ...
Theft Loss Deduction

Claiming a Theft Loss Deduction if Your Business Is the Victim of Embezzlement

Because A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement ...