Tax Hive Blog

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

Real Estate Investment – Lower Overhead and Lower Taxes
Real Estate Investment – Lower Overhead and Lower Taxes
If you have invested before, you may be familiar with the saying “follow the big money.” It is usually used when discussing stock market inv …
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Depreciation: The Deduction that Keeps on Giving
Depreciation: The Deduction that Keeps on Giving
In business, there are expenses of operation and management, all usually deductible against income for taxes. For most, you spend the money, …
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Small Business Tax Help Never More Critical than from 2021 Forward
Small Business Tax Help Never More Critical than from 2021 Forward
While owning a small business has always been exciting and almost always financially rewarding, the challenges to success seem to be multipl …
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Trouble Finding Workers? – Get Help and a Tax Credit
Trouble Finding Workers? – Get Help and a Tax Credit
Since COVID-19 entered the picture, the U.S. economy and job market have been in flux. Between increased unemployment benefits and other inc …
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Depreciable or Not? What the IRS Says
Depreciable or Not? What the IRS Says
A good place to start in a discussion of business depreciation is how the IRS defines it:Section 1.263(a)-2(a) provides that capital expendi …
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Employee or Independent Contractor? That is the Question
Employee or Independent Contractor? That is the Question
During National Small Business Week in September 2021, the IRS issued a news release reminding business owners to correctly identify their w …
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What is an LLP When it Comes to Taxes?
What is an LLP When it Comes to Taxes?
The government loves titles and long descriptive terms, so many things end up mostly being referred to by acronyms. When it comes to busines …
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What is a Qualified Joint Venture and Why Create One?
What is a Qualified Joint Venture and Why Create One?
A qualified joint venture is a special tax election made by a married couple who is jointly running a business.With that short and sweet def …
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Small Business Tax Preparation Services as One Piece of the Tax Puzzle
Small Business Tax Preparation Services as One Piece of the Tax Puzzle
Small business tax preparation services are thought of by many to be a once-a-year contact and process. You give them your books and receipt …
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