Focus Small Business: Retirement Plan Options, SUV Tax Breaks, Summer Payroll Savings, Deducting Marketing Expenses, S Corp Entity Type
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Commercial Tax Newsletter | May 2023
Focus: Small Businesses
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Retirement Plan Options for Small Businesses

Retirement Plan Options for Small Businesses

 

A Saving Incentive Match Plan For Employees (SIMPLE) or Simplified Employee Pension (SEP) are retirement plan options designed for small businesses with fewer than 100 employees.

 

 

Read Retirement Plan Options

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Don’t Limit Your Business to a State Retirement Plan

Secure 2.0 Act of 2022 Introduces Key Changes for Workplace Retirement Plans

Tax Breaks When Purchasing a Heavy SUV_242927637

Tax Breaks When Purchasing a Heavy SUV

 

Vehicles classified as heavy SUVs allow your business to take advantage of tax breaks that offer more benefits than purchasing a smaller vehicle.

 

 

Read Heavy SUV Tax Breaks

 

Summer Tax Savings by Adding Children to the Payroll

Summer Tax Savings by Adding Children to the Payroll 

 

Summer plans are beginning to unfold and that includes summer employment for teens and other children.  In this article we cover four tax benefits of putting your children on the payroll.

 

 

Read Summer Payroll

 

Deduction of Ordinary Advertising and Marketing Expenses

Deduction of Ordinary Advertising and Marketing Expenses

  

Understanding the definition of “ordinary and necessary” when it comes to deducting advertising and marketing expenses.

 

 

Read Marketing Expenses

 

Is an S corporation the Right Choice for Business

Is an S corporation the Right Choice for Business? 

 

An S corporation may be a better choice for a new business venture than a partner, here we explore the advantages.

 

 

Read S corporation

 

Related Article
Tax Impact of Selecting a Business Entity

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