Small business owners face a continual headache dealing with government mandates for a jumble of federal, state and local taxes. Complying means endless paperwork, ongoing deadlines and ever-looming threats of audits and penalties. Skimping on…

Currently, leases are categorized as operating or capital leases.  Generally an operating lease impacts the income statement only, with an annual charge to rent or lease expense.  Typically, the rental of office or warehouse space…

Major Tax Deadlines for December 2017   December 15 – Due date for calendar-year corporations to pay the fourth installment of 2017 estimated income tax. December 31 – Deadline to complete 2017 tax-free gifts of…

Alloy Silverstein’s Tax Tip of the Week Some tax planning moves for small businesses are more common, like acquiring property that qualifies for the generous Section 179 expensing allowance. But other strategies may fly under…

Alloy Silverstein’s Tax Tip of the Week Now that 2018 models are in the showrooms, you may be shopping for a new car for your business. Be aware that you can use one of two…

Section 179 expensing can be a very powerful tax-planning tool for small- and medium-sized businesses acquiring capital assets. While it doesn’t change the amount of depreciation you can take over the life of a capital…

As a follow up to end-of-year individual tax planning tips, Associate Partner Rich Middleton, CPA offers 12 considerations for small businesses when it comes to business tax planning.   Better late than never.  If you…

Alloy Silverstein’s Tax Tip of the Week Planning to begin upgrading the offices or workspace of your small business? This may be an opportunity to make improvements to accommodate individuals with disabilities (including your own…