2019

Holiday Gifting with a Tax Twist

Here are some examples of holiday gifts you provide to members of your family, employees and others that may also yield tax benefits.  Gifts for Employees – It is common practice this time of year for employers to give employees gifts. Although gifts are generally excluded from the recipient’s gross income, an employee cannot exclude gifts […]

Essential Small Business Tax Credits

At their core, tax credits are a very particular type of benefit designed to offset the actual tax liability associated with SMBs around the country. This isn’t the same thing as a tax deduction, which lowers that business’s actual income. Tax credits are typically offered to incentivize everything from hiring more workers in order to stimulate the […]

Hobby or Business?

It Makes a Difference for Taxes – Now More than Ever  Taxpayers are often confused by the differences in tax treatment between businesses that are entered into for profit and those that are not, commonly referred to as hobbies. Recent tax law changes have added to the confusion. The differences are: