by Integrated Tax Services | Dec 5, 2022 | Business
BackgroundThe IRS has recently hired as many as 2500 new agents specifically trained in spotting shareholders who pay themselves too small of a salary while taking too many distributions. Catching these companies results in a big payoff for the IRS in the form of...
by Integrated Tax Services | Oct 3, 2022 | Business
Like a bundle of sticks, good business partners support each other and are less likely to crack under strain together than on their own. In fact, companies with multiple owners have a stronger chance of surviving their first five years than sole proprietorships,...
by Integrated Tax Services | Jul 7, 2022 | Business
Your business mileage tax deduction just became more valuable for the rest of 2022 after a recent announcement by the IRS. This applies to personal vehicles being driven for business use. Starting July 1, the IRS’s business mileage rate is increasing by four...
by Integrated Tax Services | Jun 3, 2022 | Business
Here are six ideas to help your business grow and thrive this summer. Understand your cash flow. One of the biggest causes of business failure is lack of understanding cash flow. At the end of the day, you need enough cash to pay your vendors and your employees. If...
by Integrated Tax Services | May 2, 2022 | Business
The home office deduction is a great tax break for the millions of Americans who are now working from home, either occasionally or full-time. But there’s one huge catch…you can’t be an employee! That’s right, if you’re working from home for an employer, you normally...
by Integrated Tax Services | May 2, 2022 | Business
Flexible working arrangements appear to be here to stay. But the benefits of working from home also come with the challenge of maintaining an appropriate work-life balance and a high level of productivity. Here are several ideas to consider if you’ll be continuing to...
