We specialize in helping our customers with tax solutions that impact and improve their financial life. One of the ways to achieve that is by communicating in a timely and clear manner with many small business owners who come to see us in Fort Worth, TX. This is where...
The $75 rule applies to certain business expenses where you do not need a receipt. But we emphasize that this rule does NOT apply to all tax deductions. Many taxpayers mistakenly apply the $75 rule to all their tax deductions, which can result in a significant loss...
Working at a tender age is an American tradition. If your children work in your business, consider giving them education fringe benefits. Doing this right creates• tax deductions for the business, and• tax-free fringe education benefits for the child. You can...
To be tax-deductible, your gym or other athletic facilities must be primarily for the benefit of your employees—other than employees who are officers, shareholders, or other individuals who own a 10 percent or greater interest in the business, or other highly...
There are several tax implications that you need to be aware of when shutting down a C corporation. Complete liquidation of a C corporation is when it ceases to be a going concern, winds up its affairs, pays its debts, and distributes its remaining assets to...
