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Tax Tips Small Business
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Do You Know How Much Your Business Is Worth?
Tips for placing a value on your business
There are several reasons why you should know the value of your business. if you are planning to sell your business, the general rule is that you should sell it for fair market value. In many instances the term "fair market value" is somewhat ambiguous. In the simplest sense, fair market value is what a willing buyer would pay a willing seller, with each party knowing all the pertinent facts.
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Small Business Quick Tip
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DOT Hours of Service
Truck drivers and other employees who are subject to the Department of Transportation's "hours of service" rules are allowed to deduct 80 percent of their meals in 2016. In lieu of using actual expenses for meals and incidental expenses, you can deduct the federal rate of $63 per day.
Thursday, 17th January 2019
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Tax Tips Personal
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Direct Deposit of Your Tax Refund
More options are available to you
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The IRS is now allowing taxpayers who are due a tax refund the option of having that refund split up and deposited in up to three different bank accounts.
Personal Quick Tip
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HSA Contributions
Contributions to a health savings account (HSA) must be made by the due date of your tax return excluding extensions.