Tax Hive Blog

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

Small Business Taxes for Beginners
Small Business Taxes for Beginners
In 2021 a record 5.4 million applications were filed for new businesses. 1.8 million of those applications were for businesses planning to h …
Read More
What is a Qualified Retirement Plan and How do I Set One Up?
What is a Qualified Retirement Plan and How do I Set One Up?
What is a Qualified Retirement Plan (QRP)? The IRS defines a QRP as one that “satisfies the Internal Revenue Code in both form and operation …
Read More
Startup R&D Tax Credit: What is it and How Can You Claim it?
Startup R&D Tax Credit: What is it and How Can You Claim it?
What is the Startup R&D Tax Credit?Many new business owners overlook the Startup R&D Tax Credit to reduce small business taxes. This …
Read More
Self Employed Tax Deduction Cheat Sheet
Self Employed Tax Deduction Cheat Sheet
Use this self employed tax deduction cheat sheet to take advantage of the many business-related tax deductions. You can reduce your business …
Read More
How To File a Business Tax Extension in 2022
How To File a Business Tax Extension in 2022
As a business owner, you need to keep track of important dates throughout the year. Few are more important than income and payroll tax filin …
Read More
What is the Main Street Small Business Tax Credit?
What is the Main Street Small Business Tax Credit?
Economists have not yet accurately measured the damage of the COVID pandemic to the U.S. economy, especially to small local business. In 202 …
Read More
How Does Tax Planning Minimize Small Business Taxes?
How Does Tax Planning Minimize Small Business Taxes?
Small business is the foundation of the U.S. economy, and the typical small business owner works long hours with few days off to reach succe …
Read More
Biden’s Tax Plan for Small Business
Biden’s Tax Plan for Small Business
The slow progress of the Build Back Better Act in Congress has not slowed the Biden Administration’s plans to enact changes in the tax code. …
Read More
Fringe Benefit Overview from the IRS
Fringe Benefit Overview from the IRS
The IRS considers fringe benefits to be a form of pay (not money) for the performance of services. An example could be allowing an employee …
Read More
No Posts Found
< Back to Blog More Posts >

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