Home Office Tax Tips
Home Office Tax Tips Working from home can potentially deliver some attractive tax advantages. If you qualify for the home office deduction, you can deduct… Read More »Home Office Tax Tips
Business
Business Tax Tips for Federal and State Tax Tips by Hedley & Co. CPA with offices in Clifton Park, NY serving Saratoga County, Albany County, Schenectady County and beyond. Business tax planning is a critical part of your overall tax preparation strategy.
New Lease Accounting Standards
NEW LEASE Accounting Standards The Financial Accounting Standards Board (FASB) recently issued a new Accounting Standards Update (ASU) designed to improve financial reporting about leasing… Read More »New Lease Accounting Standards
Donating Excess Inventory to Charity
Can your business donate inventory to charity? Businesses that donate inventory to charity need to be aware of the tax law’s rules for this type… Read More »Donating Excess Inventory to Charity
Traveling for Business and Pleasure — WHAT’S DEDUCTIBLE?
Business Travel Tax Deductions Business owners who travel out of town on business sometimes like to extend their trips and take a little time to… Read More »Traveling for Business and Pleasure — WHAT’S DEDUCTIBLE?
New York State 2016 Withholding Tax Tables and Methods
Withholding Tax Changes for 2016 The 2016 New York State personal income tax rate schedules have been revised to reflect the cost of living adjustment required… Read More »New York State 2016 Withholding Tax Tables and Methods
How Long Should You Hang on to Payroll Records?
The next time you get an itch to pitch old payroll records, make sure you’re not moving too fast. Generally, the IRS requires payroll records… Read More »How Long Should You Hang on to Payroll Records?
Shopping for a Business Loan
Shopping for a Business Loan Is it time to put your expansion plan on the front burner? Have you outgrown your current location? Do you need… Read More »Shopping for a Business Loan
Why Business Structure Matters
When you start a business, there are endless decisions to make. One of the most important is how to structure your business. Why is it… Read More »Why Business Structure Matters
S Corporation Compensation and the IRS
One reason small business owners like the S corporation tax structure is because profits generally aren’t taxed at the corporate level. They “pass through” and… Read More »S Corporation Compensation and the IRS
Seasonal Employees and Your Taxes
With summer fast approaching, some businesses are looking ahead to their busiest time of the year. Below are some reminders for businesses that intend to… Read More »Seasonal Employees and Your Taxes