by briesterer@thinkvisionary.com | Feb 6, 2024 | Business, Newsletter
QBI may sound like the name of a TV quiz show. But it’s actually the acronym for “qualified business income,” which can trigger a tax deduction for some small business owners or self-employed individuals. The QBI deduction was authorized by the Tax...
by briesterer@thinkvisionary.com | Feb 5, 2024 | Business, Newsletter
If you and your employees will be traveling for business this year, there are many factors to keep in mind. Under the tax law, certain requirements for out-of-town business travel within the United States must be met before you can claim a deduction. The rules apply...
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...
