In a partnership, adding a new partner has a number of financial and legal implications. Let’s imagine you and your partners want to add a new partner to the mix. By making a cash contribution, the new partner will have a one-third interest in the partnership. Assume that your basis in your partnership interests is
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022.
A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit $928.4 billion by 2030, according to a report from Research and Markets. If you own your own company and travel for business, you may wonder whether you can deduct the costs of having
Check out our list of business documents to review for 2022 so you don’t find yourself digging through boxes to prepare for tax season.
If you use a vehicle in your business, you may wonder about the tax depreciation rules. The rules are complicated, and special limitations apply.
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.
A new 2022 per diem rate became effective October 1. Taxpayers can use these rates to substantiate expenses when traveling away from home.
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020.
If you hire household workers, it’s critical that you understand nanny taxes. Here’s a quick review.
Your business may want to show its gratitude to employees and customers by giving them holiday gifts or hosting parties. It’s a good idea to understand the tax rules associated with these expenses.