top of page
ARTICLES
Search
Jan 15
When Can You Deduct Business Meals and Entertainment?
Business party food & beverages may be 100% tax-deductible! Learn the rules for deducting business meals and entertainment expenses.
Jan 14
Looking Ahead: Sales Forecasting for Businesses
Accurately project future sales with forecasting! Use data and insights to set goals, allocate resources, and spot risks. We can help!
Jan 10
Retirement Plans for Growing Businesses: A Simple Guide
Boost employee benefits with 401(k)s, SEP-IRAs, or SIMPLE IRAs—each offers unique perks, limits, and tax advantages for growing businesses.
Jan 9
How Self-Employment Tax Works: A Refresher Guide
Self-employment tax is 15.3%, paid quarterly. Learn what to expect & consult a VAAS Tax Professional to manage taxes.
Dec 13, 2024
Cash Flow Statements: How to Make Sense of Them
Cash flow statements reveal a company’s performance and health. Here's a simple guide to its parts and why they’re important.
Dec 10, 2024
Maximizing Tax Deductions for Business Travel: A Guide for Business Owners
Deduct business travel costs like transport, lodging, and meals (50%) if necessary, reasonable, and documented. Rules vary; get advice!
Dec 4, 2024
Mastering Working Capital Management: A Key to Business Success
Balance liquidity and growth with smart working capital management. Optimize receivables, payables, and inventory for lasting success.
Nov 22, 2024
Unplanned IT Failures: A Major Financial Risk for Businesses
IT failures cost businesses $400B yearly. Prevent losses with risk assessments, strong cybersecurity, training, and recovery plans.
Nov 20, 2024
Changes to the Social Security Wage Base for 2025
The 2025 Social Security wage base rises to $176,100. Prepare for payroll tax changes. Contact us for help with compliance and planning.
Nov 7, 2024
Deducting Vehicle-Related Expenses: What You Need to Know
TCJA limits vehicle deductions however, self-employed CAN claim work miles, while others can only claim medical, charity, & military moves.
Nov 4, 2024
Hobby vs Business: How will the IRS Evaluate My Business Activities
To deduct losses, you must prove your business is not a hobby. Profit intent must be shown through records, time, and expertise. Contact us
Nov 1, 2024
Should You Separate Real Estate Ownership from Your Business?
Separating real estate ownership from your business may reduce double taxation and boost asset protection. Contact us to learn more.
Oct 29, 2024
Key Tax Considerations for Partnership and LLC Operating Agreements
Draft partnership and LLC agreements to address key tax issues like guaranteed payments, partner liabilities, and retiree payouts. Read more
Oct 25, 2024
Does your company offer Employee Assistance Programs (EAPs)? If so, be mindful of compliance and regulations.
EAPs support employees’ mental health but may require ERISA, COBRA, HIPAA, or ACA compliance. Legal guidance helps ensure full compliance.
Oct 24, 2024
The Tax Consequences to Working Remotely
Remote work can cause double taxation and multi-state tax obligations. Employees and employers must be aware of these potential tax issues.
Oct 22, 2024
Prepare your Business for an IRS Audit
By 2026, the IRS plans to increase its audit efforts. Stay prepared with organized records and be ready to address any red flags.
Oct 21, 2024
Understanding your Obligations: Does your Business need to Report Employee Health Coverage?
Employers with 50+ full-time employees must file IRS Forms 1094-C and 1095-C to report health coverage and avoid ACA penalties. Contact us!
Oct 16, 2024
Partnerships and Multi-Member LLCs: Key Tax Considerations
Partnerships and LLCs offer pass-through taxation, special allocations, and must plan for tax liabilities with proper agreements.
Oct 15, 2024
Cash or Accrual Accounting: What’s best for tax purposes?
Your business may qualify for cash or accrual accounting. Each has benefits—contact us to find the best tax method for your situation!
Oct 14, 2024
Understanding Taxes on Real Estate Gains
Selling real estate? You may owe up to 25% in taxes, plus 3.8% NIIT. Rules are complex—contact us with questions and we'll guide you!
bottom of page