Tax Hive Blog
Enjoy these timely and informative articles that can help you make informed decisions about your business.

Do I qualify for the electric vehicle tax credit?
Question: Do I qualify for the electric vehicle tax credit? Answer: As of August 16, 2022, owners of electric vehicles have increased requirements and restrictions on claiming the electric vehicle ... READ ARTICLE

Can my business pay my child’s college tuition?
Question: Can my business pay my child's college tuition? Answer: As a business owner and parent, your child's college tuition cannot be considered a business expense. However, you could hire ... READ ARTICLE

What Is the Best Business Entity for Me?
Question: What is the best business entity for me? Answer: In simple terms, the best entity for you depends on many factors, including what you sell, your market and industry, ... READ ARTICLE

Strategic Tax Planning for Business (with Tips and Examples)
“If you fail to plan, you are planning to fail” – Benjamin Franklin. Failing to develop and implement a great strategic tax plan for business is a sure-fire way to ... READ ARTICLE

What Is the “Augusta Rule” (Section 280A) and How Does it Work?
Question: What is the "Augusta Rule", and how does it work? Answer: The "Augusta Rule" is a tax deduction for business owners. In summary, IRS Section 280A provides a way ... READ ARTICLE

For Business Meetings Under the Augusta Rule, Can I Use Personal Furniture?
Question: Under the Augusta Rule, do I need to rent business furniture, such as tables and chairs, or can I use my owner personally-owned furniture? Answer: The "Augusta Rule" is ... READ ARTICLE

Can I Deduct Cleaning Fees Under the Augusta Rule?
Question: Can I Deduct Cleaning Fees Under the Augusta Rule? Answer: The "Augusta Rule" is a tax deduction for business owners. The rule (Section 280A) allows homeowners to lease their ... READ ARTICLE

Do I Need to File Separate Schedule Cs for Each Business?
Question: I have multiple businesses. Do I need to file a separate Schedule C for each business, or can I combine them into one? Answer: While there are no tax ... READ ARTICLE

Can I Use the Augusta Rule on More Than One Property?
Question: Can I Use the Augusta Rule on More Than One Property? Answer: The "Augusta Rule" is a tax deduction for business owners. The rule (Section 280A) allows homeowners to ... READ ARTICLE
Schedule a FREE Ask a Pro Consultation
On the call, we'll guide you through a self-assessment designed by tax advisors to help you identify potential business tax savings (*Ask about our guarantee).
START NOW