Category Archives: Small Businesses

Applying the R&D Credit to Payroll Taxes

Each day, businesses in nearly every industry conduct research and development work to improve their products and software. Unfortunately, many of them miss out on a valuable perk: the Research & Development (R&D) Tax Credit. The R&D credit is intended to incentivize and stimulate research and development activities, but many small businesses and start-ups neglect […]

How Can A Small Business Prevent Fraud?

Accounting Laptop

We’ve recently seen an increase in the number of employee frauds that we been asked to investigate. Many times, the first question a victim of an employee fraud asks is, “How can I keep this from happening again?” Often business owners have the misconception that they are not susceptible to fraud. They think they have […]

3 Common HR Mistakes Small Businesses Make

Small business owners are responsible for many tasks, which often leads them to wearing different hats multiple times in a day-sometimes even in an hour. It isn’t uncommon to find a business owner who is handling everything from sales to human resources. It’s inevitable that some things have to sit on the backburner, and many […]

Three Tax Deductions Small Businesses Should Consider

Financial Statements

In previous years, the provisions of the §179 deduction have been quite generous and offered small businesses the means to greatly reduce taxable income. However, there are some changes for 2015. For example, in 2015 the spending cap on new equipment purchases has been reduced from $500,000 to $200,000, and the maximum deduction is $25,000. […]