by Karen Baksa | Jun 25, 2024 | Business, Tax Tips
Suppose you take your best client out to dinner to celebrate your business relationship. If you own a business, are self-employed or run a side business, can you deduct any of the cost? Here are some tips to stay on the right side of the new rules: Make clear it’s a...
by Karen Baksa | Jan 5, 2024 | Business
New law that affects all business owners starting in 2024 NEW – Corporate Transparency Act (CTA) One of the most significant legislative changes affecting all small businesses starting in 2024 is the Corporate Transparency Act (CTA). What is a Corporate Transparency...
by somichcpa | Nov 16, 2023 | Business, Individual Taxes
Thankfully it’s not too late to try and minimize your taxes for 2023. If you haven’t scheduled a tax planning session, now is a great time to do so. Here’s how a tax planning session can potentially help your situation: It can make a difference. This is...
by somichcpa | May 31, 2022 | Business, Corporate Taxes
As social distancing turns convenience into necessity, the number and types of activities moving to the internet is exploding. It’s important to remember that these virtual events often trigger real-world tax implications. Here are some things to keep in mind:...
by somichcpa | May 27, 2020 | Business, Corporate Taxes, Individual Taxes
Are you one of the now 33% of Americans who work as either an independent contractor or freelancer? If you answer yes, you are now a participant in the gig economy, a modern term for an economy characterized by workers who earn money through short-term contracts or...
by somichcpa | Apr 11, 2020 | Business, Corporate Taxes
Families First Coronavirus Response Act provides worker benefits The Families First Coronavirus Response Act is a new law passed last week that offers COVID-19 assistance for both employees and employers. This new law provides businesses with fewer than 500 employees...
