Articles

Losses can be hard to take - so if you think your S corporation will show a loss for 2013, now's the time to plan to make sure you'll get the full tax benefit. The Problem. The amount of the business loss you can deduct on your individual income tax return is limited...

A common strategy that businesses carry out to reduce overhead costs is to instruct their tax accountant to classify employees as independent contractors. By doing this, employers free themselves from the tax responsibilities attached to having an employee. However,...

You only have to examine your paycheck to realize that certain income is tax-free. For example, health insurance premiums paid by your employer are generally not includible in your income.   Do you know the tax status of other types of income? Here's a quiz to...

Indianapolis, IN (August 14, 2013) – An Indianapolis CPA firm sheds light to some of the most recent issues concerning the IRS and paying taxes. Through their blog, Marietta CPAs tackles relevant topics to help individuals and businesses keep up with the tax...

Planning to start a business partnership with a friend? Prudence demands looking at the pitfalls - as well as the potential strengths - of such relationships. Here are a few questions to consider. * What will my friend contribute to the business? Does he or she have...

You’ve got debt! The question is, do you have good debt or bad debt? Even more important, how do you tell the difference before you take on any more? Here are two questions to ask before incurring any debt. 1. What are the benefits of taking on this debt? Avoiding all...

A few challenges to implementing Obamacare have caused the White House to extend coverage deadlines for small businesses. For small businesses, the main concern is for the Small Business Health Insurance Exchange (SHOP).  Initially, the SHOP exchanges were supposed to...

Every successful business relies on a core group of customers who keep coming back on a regular basis. Sure, you're always trying to find new customers and expand your market. But chances are that it's the "regulars" who provide the bulk of your revenues. It's...

In order to take advantage of travel expenses, one of the major deductions for entrepreneurs, you need to understand the difference between your personal home and tax home.  And also, you should know the difference between business travel and business transportation....

Whether you're a stock market bull or bear, you have investment expenses - and you may be wondering if they're deductible on your federal income tax return. Here's a quick review. * What are investment expenses? Investment expenses are amounts you pay to produce or...