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…

An age-old question in business: is a worker an independent contractor or an employee? This seemingly simple question is often the contentious subject of numerous IRS audits in recent years. As an employer, getting this…

Major Tax Deadlines for October 2017 October 16 – Filing deadline for 2016 tax returns for individuals or corporations if you requested/received a six-month extension. Pay taxes due by this date. October 16 – Deadline to recharacterize a Roth…

Ever have an employee take a client or prospect out for lunch? Unless they’ve got a corporate credit card, they’re going to be paying with their own funds. Many employers reimburse for these out of…

Major Tax Deadlines for September 2017   September 15 – Third quarter installment of 2017 individual and corporation estimated income tax is due. September 15 – S corporations: Filing deadline for 2016 tax returns for…