Claiming a Theft Loss Deduction if Your Business Is the Victim of Embezzlement
A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count…
Read More At Burkett Burkett & Burkett Certified Public Accountants, P.A., we provide a full range of services to individuals, small and large businesses, professional firms, and governmental and non-profit entities.
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Planning for Year-End Gifts With the Gift Tax Annual Exclusion
As we approach the holidays and the end of the year, many people may want to make gifts of cash…
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Employers: The Social Security Wage Base Is Increasing in 2022
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for…
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Is a Health Savings Account Right for You?
Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible…
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2021 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
This is a new version of a previous post with updated information. Here are some of the key tax-related deadlines affecting…
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New per Diem Business Travel Rates Became Effective on October 1
Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal…
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