How does a business know if advertising and marketing expenses are “ordinary and necessary” so they can be deducted on its tax return? Here’s a look at the issue. hoganhansen.com/blog/post/prot…

hoganhansen.com/blog/post/chan… A tax law that passed in 2017 makes a major change to Section 174 research and experimental (R&E) expenses. Here’s what it might mean for your 2022 business tax return being filed this year. #HH #Accountantswithpersonality

The income tax return deadline is April 18 this year. But it’s also the deadline for filing a gift tax return if you made large gifts last year. Find out if you’re required to file a 2022 gift tax return and why you may want to file one anyway. hoganhansen.com/blog/post/the-… #HH

Does this year’s April 18 filing deadline apply to your business? What additional tax deadlines are there for businesses and employers during the second quarter of 2023? hoganhansen.com/blog/post/2023… #HH #Accountantswithpersonality #Deadlines

Of course, the deadline to file your 2022 tax return is in April. But here are a couple important tax deadlines in April for certain taxpayers. hoganhansen.com/blog/post/two-… #HH #accountantswithpersonality #Deadlines #Estimatedtaxpayments

There are several choices of entities for a new business venture. What about an S corporation? Here are the advantages hoganhansen.com/blog/post/choo… #HH #accountantswithpersonality

You may pay less tax if you file your tax return as a “head of household” than if you file as a “single” individual. What’s the difference? hoganhansen.com/blog/post/some… #HH #accountantswithpersonality

Thinking about hiring your high-school or college-age child to work in your business? You could reap significant tax benefits. hoganhansen.com/blog/post/the-… #HH #accountantswithpersonality

hoganhansen.com/blog/post/the-… If you donate a valuable work of art to a tax-exempt hospital, do you get the same tax deduction as if you donated the artwork to a tax-exempt art museum? Here’s the answer, along with the tax rules for donating art to charity.

hoganhansen.com/blog/post/reti… If you’re a small business owner, you may be reluctant to set up a retirement plan because of the administrative burdens. Here are two options to consider that have far fewer requirements than traditional qualified retirement plans.

Want to do some spring cleaning and get rid of tax documents? You don’t want to clear out records that the IRS might request in an audit. Here are the general rules. hoganhansen.com/blog/post/pape… #HH #Accountantswithpersonality

The federal tax code encourages businesses to invest in historic buildings with a tax credit. Here are the rules. hoganhansen.com/blog/post/take… #HH #Accountantswithpersonality

C corporation owners: To keep your compensation tax deductible, you need to ensure it’s “reasonable.” Otherwise, it could be deemed a dividend. Here are four steps to take. hoganhansen.com/blog/post/4-wa… #HH #Accountantswithpersonality

The IRS is asking more questions about cryptocurrency and digital assets and will soon be learning more information about those who invest in and use them. hoganhansen.com/blog/post/tax-… #HH #Accountantswithpersonality #Cryptocurrency

An educational assistance program can be a win-win. Employees value the perk and employers can benefit from a more educated, motivated workforce. Here are the basic tax rules. hoganhansen.com/blog/post/educ… #HH #Accountantswithpersonality #Education

hoganhansen.com/blog/post/the-… Can you deduct a gym membership as a medical expense on your tax return? What about nutritional supplements? The IRS recently answered these and other questions. #HH #accountantswithpersonality #medicalexpenses

You may have a net operating loss for your business if your deductions for the year are more than your income for the year. Here are the basic rules. hoganhansen.com/blog/post/use-…

Even if you filed your 2022 tax return by the deadline, you may still have questions. We’re often asked about refund status, how long to keep records and when an amended tax return should be filed. Here are some answers. hoganhansen.com/blog/post/ques…

hoganhansen.com/blog/post/if-y… These days, many businesses are filling vacant positions and saving money by using independent contractors. Here are the basic rules to help keep you out of trouble with the IRS. #HH #accountantswithpersonality #independentcontractor

hoganhansen.com/blog/post/4-ta… Don’t ignore tax planning after you retire. Here are some of the tax implications of retirement. #HH #accountantswithpersonality #retirement #retirementplanning