Federal tax news for business

A Business Tax Deduction for Working Pets If you're a business owner, you may be able to deduct "ordinary and necessary" expenses related to keeping working animals. But the operative word here is "working," for example, dogs that guard against […]

1. A report to help prevent and detect money laundering 2. Guidance for emergency savings accounts 3. New depreciation limits for certain business vehicles 4. Follow the tax rules to limit tax trouble 5. A credit to incentivize manufacturers

1. Give Your New Business a Strong Start 2. A Business Emergency Plan is Critical 3. Handling Cash Payments over $10,000 4. Missing and Incorrect Taxpayer ID Numbers 5. Take Payroll Responsibilities Seriously!

1. Businesses Targeted for Identity Theft 2. Deduct the Cost of Seeking New Business 3. Business vs. Hobby: Protect Your Tax Deductions 4. A Scam Involving Employee Retention Credits 5. A Proposed New Way to Report Tips

Farmers Are Partially Allowed Depreciation Write-offs 2. Closing a Business? Here Are Some Steps to Take 3. Deductions Disallowed Due to Insufficient Records 4. Trust Fund Recovery Penalty is Upheld by Court 5. Court Rules Business Must Show a "Profit Motive"