The rules surrounding tax deductions for business travel are complex. Here are some of the things you need to know.
Small Business
Your Weekly Read
It’s income tax planning time for your small business
2024 will be over soon enough. Here are some year-end tax planning moves to consider that may help your small business save on taxes.
6 key elements of a business budget
A budget is essential for small businesses. But if you are stuck using the same budgeting process and format, maybe it’s time for an upgrade.
TCJA and the possible future tax landscape for businesses
The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act (TCJA) are scheduled to expire and the November elections will be decided. Here are some possible outcomes.
Business owners sometimes need to switch successors
Are you having second thoughts about your chosen successor? It happens. Here are some ways to address the issue and decide whether to change course.
Understanding taxes on sales of real estate
The federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.
If your business has co-owners, you probably need a buy-sell agreement
For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.
Hiring your child to work at your business this summer
Hiring your child at your business this summer? It can be a tax-smart idea. Here are the benefits.
Three timelines business owners should look at for succession planning
Business owners: When creating a succession plan for your company, you’ll ideally want to account for three separate timelines. Here’s a brief look at each.
Tax tips when buying the assets of a business
When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or worse tax results after the acquisition.
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
144 W 2nd St
Washington, NC 27889
Washington, NC 27889
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