by Mark C. Dutton | Business, Tax Questions, Tax Tips
When you’re self-employed, all your income goes straight into your own bank account. It doesn’t mean you’re off the hook for paying taxes to the Internal Revenue Service (IRS). Taxes apply to you, just like any other member of the workforce – and if you don’t...
by Mark C. Dutton | Business, IRS, Tax Tips
If your company has people working from home offices, many of their business expenses are reimbursable. However, a corporation must reimburse these expenses the right way, or the IRS could consider the reimbursements improper and trigger an audit with financial...
by Mark C. Dutton | Business, Tax Questions, Tax Tips
One of the biggest benefits of setting up an S corporation is avoiding double taxation by not paying corporate income tax. Shareholders absorb profits and losses, paying tax when they file their individual returns. Of course, this makes S corporation owners wonder...
by Mark C. Dutton | IRS, Tax Questions
After a natural disaster like a hurricane, flood or wildfire, small businesses struggle to cope with the fallout. Even if your company isn’t directly in the path of the destruction, your employees or customers could suffer losses that create major chaos for the...
by Mark C. Dutton | IRS, Tax Deductions
Do you know payments your business makes under state and local tax credit programs may be tax deductible? The Internal Revenue Service (IRS) has issued a clarification to help business taxpayers understand when and how to deduct these payments on their federal tax...