The Basics of Bad Debt Deduction
Before agreeing to act as a guarantor of a debt obligation of your closely held corporation, be aware of the tax consequences of bad debt deduction.
Author: Andrew Litchford
Posts by Andrew Litchford
What you Need to Know About Virtual Currency Tax Reporting
It’s essential to understand the tax implications of virtual currency because the IRS is starting to crack down on virtual currency tax reporting.
The Basics of Operating as an LLC
Perhaps you operate your small business as a sole proprietorship and want to form an LLC to protect your assets. Here are the basics of operating as an LLC.
Using Key Performance Indicators (KPIs) to Benchmark Your Business
A simple and effective way to better understand your company’s operations is to use key performance indicators. Here are some KPIs to measure.
The Deductibility of Corporate Expenses
Corporate expenses may wind up being nondeductible both by an officer and the corporation unless proper steps are taken.
Tax Facts to Know About Vacation Home Rentals
With the rise of VRBO and Airbnb, allowing short-term rentals on a vacation home are becoming more popular. Here’s what you need to know about vacation home taxes.
IRS Releases Website to Manage Child Tax Credit Deposits
The IRS recently released information on how to check eligibility, opt-in for non-filers, and opt-out of the advance child tax credit payments as part of the ARP.
A Cybersecurity Assessment can Help Protect Your Business
The pandemic has accelerated the adoption of mobile technologies, increasing your cybersecurity risk. Conducting a cybersecurity assessment can help.
Tax Credits and Incentives for Businesses in 2021
There are a number of tax credits and incentives that businesses can take advantage of to help offset the losses experienced during the pandemic.
10 Facts About the Pass-Through Deduction for QBI
Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction or Section 199A deduction.