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, Tax Time
As tax season approaches, now is the perfect time to get your tax documents in order and make sure you have everything you need. One missing document could create confusion at the last minute, or even cause you to file your taxes past the deadline and pay penalties....
by Mark C. Dutton | Tax Tips
Provisions in the 2018 tax reform bill are enticing businesses to upgrade their outdated equipment. However, do they buy or lease? With the new corporate tax rate sitting comfortably at 21%, businesses large and small are rethinking their old purchasing plans and...
