2021 – 09/14 National Small Business Week runs through Sept. 17. To recognize the week, the IRS is providing information for businesses to help understand and meet their tax obligations. To learn more about employment tax obligations, obtaining an Employer Identification Number, making estimated tax payments and more, visit: https://bit.ly/3CfKPcF
2021 – 09/13 The IRS is reminding taxpayers that the cost of home testing for COVID-19 is an eligible medical expense. This means that the cost of at-home testing is potentially tax deductible or can be paid for or reimbursed under health Flexible Spending Arrangements (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) or…
2021 – 09/13 The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the week, here are three tax breaks to consider. 1. Claim bonus depreciation or a Section 179 deduction for asset additions Under current law, 100% first-year bonus depreciation is available for qualified new…
