Closing a Business? Here’s How to Stay on Top of Your Tax Duties
Closing your business is a significant milestone, and part of wrapping things up means taking care of a few tax responsibilities.
Closing your business is a significant milestone, and part of wrapping things up means taking care of a few tax responsibilities.
If you own a company and travel for business, you may wonder whether you can deduct all the costs of having your spouse accompany you on trips. It’s possible, but the rules are restrictive.
Under Section 179 of the tax code, companies can take substantial depreciation deductions, subject to various limits adjusted annually for inflation.
Companies can protect employees, safeguard data and recover costs through a business continuity plan.
If you’re a business owner, you need an estate plan that effectively addresses the tax impact of transferring your ownership interests to the next generation.