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Business Tax

What is the Small Business Health Care Tax Credit?

March 22, 2021 by admin

What is the Small Business Health Care Tax Credit?

Eligible small employers who provide health care coverage to their employees can receive a Small Business Health Care Tax Credit from the Federal government. Here’s what you need to know about who qualifies and how to take advantage of the credit. What is the Small Business Health Care Tax Credit? Small business owners make numerous […]

Filed Under: Business Tax

Business Meals are Deductible Again: Here’s What You Need to Know

February 23, 2021 by admin

Business Meals are Deductible Again: Here’s What You Need to Know

The Consolidated Appropriations Act of 2021 brings a favorite business tax deduction back to life. The so-called “three-martini lunch” is in vogue once again; however, not everyone is happy about it. So, what does this mean for businesses? Read on to learn more about the deduction and the associated pros and cons. What is the […]

Filed Under: Business Tax

Family Loans — Tax Considerations

November 21, 2020 by admin

Family Loans — Tax Considerations

Obtaining financing to start or expand small businesses and buy homes can sometimes be difficult. If your child or grandchild is having a hard time getting a loan from a commercial lender, you may be willing to help out by lending the money yourself. Have a Written Agreement Start by putting the loan agreement in […]

Filed Under: Business Tax

5 Ways to Lower Your SUTA Tax Rate

September 29, 2020 by admin

5 Ways to Lower Your SUTA Tax Rate

An employer’s SUTA tax rate is susceptible to fluctuation. If yours is escalating, contrary to popular belief, you actually might be able to reduce it! Check out these five strategies to curb your SUTA tax rate. Because the State Unemployment Tax Act – or SUTA – tax is mandatory, you may think you have no […]

Filed Under: Business Tax

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