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An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes

An array of tax limits for businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

Do you use Venmo or another cash app for business transactions? You’ll likely be receiving less tax forms this year, thanks to a recent announcement by the IRS.

During the peak of the COVID-19 pandemic, the Employee Retention Benefit (ERC) aided employers who retained employees on staff. Even if the credit is no longer offered, qualified employers who haven’t yet claimed it may still be able to do so by filing revised payroll returns for the tax years 2020 and 2021. However, the

Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.

If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).

On August 16, 2022, the Inflation Reduction Act was signed into law. Included in this act are several tax credits focused on green initiatives.  You may be wondering… what are these new tax credits in the Inflation Reduction Act? And how can I benefit? Here’s how to take advantage of the new tax credits in

Did your business purchase equipment, like new computers for the team or vehicles for deliveries, this year? If so, Section 179 is a worthwhile piece of tax law that may help you lower your business tax liability in 2022. In This Article: Section 179 allows for qualified software, equipment, and business expenses to be deducted

How much can you and your staff put into your 401(k)s or other retirement plans for the upcoming year? The IRS has announced cost-of-living changes that increase most retirement plan contribution limits for 2023. Inflation caused the amounts to rise more than they did in prior years. 401(k) plans Employees who participate in 401(k) plans

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible

If you operate a pass-through entity like a sole proprietorship, general partnership, or LLC, there are several business expenses you can make on your personal tax return to lessen your tax liability. What expenses are tax deductions for small businesses? Here are 18. 18 tax deductions for small businesses 1. Business Meals Typically, you can

Each year, you and your small business are likely to spend money on various local transportation costs. These expenses have a number of tax implications. But what does “local transportation” mean? It describes travel where you don’t spend enough time away from your tax home (the city or general area where your main place of

FORT SMITH, Arkansas, October 19, 2022 – Landmark PLC, Certified Public Accountants is pleased to announce Hannah Oyler, CPA, was selected as a winner of the 2022 Arkansas Tech University 19 of the Last 9 award. Oyler was presented the award at ATU’s homecoming celebration on October 15. ATU’s 19 of the Last 9 recognizes