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Accounting for the Trucking Industry
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  • Home
  • Firm Profile
    • Accounting Fees
    • Press Releases
      • 2023 Norwalk Business Hall of Fame
      • 2019 Best of Norwalk Award
      • 2014 Best of Norwalk Award
      • Two-Time Award Winner
    • Testimonials
    • Track Record
      • 2015 Peer Review
      • 2012 Peer Review
      • 2011 Peer Review
      • 2009 Peer Review
      • 2008 Peer Review
  • Services
  • FAQ
    • Pay Your IRS Bill
    • Six Tips on Gambling Income and Losses
    • The Refund Guru
    • US Commerce Association
    • Incorporating
    • Tax Preparation Service
    • Strategic Business Planning
    • Small Business Accounting
    • Payroll Services
    • Tax Planning services
  • Business Owners
  • Blog
  • Contact
Accounting for the Trucking Industry
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Month: March 2025

March 29, 2025March 29, 2025tax

Deduct a loss from making a personal loan to a relative or friend

Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by making a personal loan. That’s a […]

March 26, 2025March 26, 2025tax

6 essential tips for small business payroll tax compliance

Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are six quick tips to help you stay on track. 1. […]

March 22, 2025March 22, 2025tax

Turning stock downturns into tax advantages

Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such an investment might be something you’d rather forget, there’s […]

March 19, 2025March 19, 2025tax

Planning for the future: 5 business succession options and their tax implications

When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire, you wish to step back […]

March 16, 2025March 16, 2025tax

Riding the tax break train: Maximizing employee transportation fringe benefits

There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Here’s a quick summary of the current […]

March 12, 2025March 12, 2025tax

Exploring business entities: Is an S corporation the right choice?

Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture. One benefit of an S corporation One major advantage of an S corporation […]

March 9, 2025March 9, 2025tax

The 2024 gift tax return deadline is coming up soon

If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in some cases, even if it’s […]

March 6, 2025March 6, 2025tax

Ways to manage the limit on the business interest expense deduction

Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created Section 163(j), which generally limits deductions of […]

March 5, 2025March 5, 2025tax

Can I itemize deductions on my tax return?

You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be claimed because you didn’t have enough deductions to […]

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