by briesterer@thinkvisionary.com | Jan 4, 2024 | Business, Newsletter
If eligible, you can elect to use Section 179 expensing or bonus depreciation to deduct a large portion of the cost (and in some cases the full cost) of eligible property in the year it’s placed in service. Alternatively, you may follow regular depreciation...
by briesterer@thinkvisionary.com | Jan 3, 2024 | Business, Newsletter
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a new business and want to know the options for setting it up. Here are the basics...
by briesterer@thinkvisionary.com | Dec 15, 2023 | Business, Fraud, Newsletter, Tax
Starting January 1, 2024, many companies will need to follow the Corporate Transparency Act (CTA), established under the National Defense Act in 2021. This Act requires these companies to reveal information about people who own or control them, known as Beneficial...
by briesterer@thinkvisionary.com | Dec 4, 2023 | Business, Newsletter, Tax
Your business can attract and retain employees by providing education benefits that enable team members to improve their skills and gain additional knowledge, all on a tax-advantaged basis. Here’s a closer look at some education benefits options. Educational...
by briesterer@thinkvisionary.com | Dec 4, 2023 | Business, Newsletter, Tax
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations. Qualifying for a...
by briesterer@thinkvisionary.com | Nov 3, 2023 | Business, Fraud, Newsletter, Tax
Recently, the IRS halted processing of claims for the Employee Retention Credit (ERC), due to a high volume of fraudulent claims. The moratorium is through at least the end of 2023. ERC claims already filed are now subject to longer processing, including heightened...
