Most employers reimburse their employee business expenses, but did you know that the structure of the reimbursement arrangement can have huge tax consequences. According to the tax rules, the key distinction between a true expense reimbursement and disguised compensation is ...

The pieces of tax legislation garnering the most attention these days are the Tax Cuts and Jobs Act (TCJA) signed into law last December and the possible “Tax Reform 2.0” that Congress might pass this fall. But for certain individual taxpayers, what happens with “exten...

IT consultants are many things — experts in their field, champions of the workaround and, generally, the “people persons” of the tech field. But they’re not magicians who, with the wave of a smartphone, can solve any dilemma you throw at them. Here are six ways to ge...

When business use of websites began, getting noticed was the name of the game. Remember pop-up ads? Text scrolling up the screen? How about those mesmerizing rotating banners? Yes, there were — and remain — a variety of comical and some would say annoying ways to get vis...

In an increasingly global economy, keeping a close eye on your supply chain is imperative. Even if your company operates only locally or nationally, your suppliers could be affected by wider economic conditions and developments. So, make sure you’re regularly assessing whe...

Strategic planning is key to ensuring every company’s long-term viability, and goal setting is an indispensable step toward fulfilling those plans. Businesses often don’t accomplish their strategic plans because they’re unable to fully reach the various goals necessary...

The new tax law makes major changes to the choice of entity decision. Because C corporations are now taxed at a flat rate of 21% (as opposed to a top rate of 35% under prior law), many business owners wonder whether they should structure or restructure their business operati...

Time to consider a new accounting method? The cash method of accounting, which allows you to recognize sales when cash is received, is attractive to many small businesses due to its simplicity. Due to the new tax law, for tax years beginning after 2017, the ability to use t...

Technology is tricky. Much of today’s software is engineered so well that it will perform adequately for years. But new and better features are being created all the time. And if you’re not getting as much out of your financial data as your competitors are, you could be ...

Regardless of its form, every business will be subject to a net interest expense disallowance. Starting in 2018, net interest expense in excess of 30% of your business’s adjusted taxable income will be disallowed. ...

One of the most significant provisions is the new deduction for qualified business income which can be income from a sole proprietorship as well as income from pass-through entities such as partnerships, LLCs, and S corporations. ...