Category: Business Practices
New law creates refund opportunities for business owners
The Small Business Jobs Act of 2010, signed into law by President Obama September 27, 2010, had a little-reported change regarding general business tax credits that can have a big impact on the cash flow of some small businesses. The...
“So, I want to buy a business…”
The senior members of CPA firms function, to a large extent, as business consultants for their clients. This includes assisting clients in their efforts to acquire an existing business or possibly to start-up a new business. Often clients will approach...
Tax tips especially for RESTAURANTS
For 2011 the IRS has some significant tax incentives for businesses, especially restaurants: Depreciation: The bonus depreciation for equipment is 100% of the cost. If you make leasehold improvements, they qualify for Sec 179 deduction which can be as great...