Many tax limits that affect businesses are annually indexed for inflation, and a number of them have increased for 2022. Here’s a rundown of those that may be important to you and your business. Social Security tax The amount of an employee’s earnings that is subject to Social Security tax is capped for 2022 at
mileage Archives - Crawford Ellenbogen
Feb 1, 2022
Numerous tax limits affecting businesses have increased for 2022
- By Victor Dozzi
- Business, Deductions, Retirement, Taxes
- 0 Comments
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Mar 24, 2020
Cents-per-mile rate for business miles decreased slightly for 2020
- By Ellenbogen
- Business
- 0 Comments
Aug 29, 2019
The tax implications of a company car
- By Ellenbogen
- Business, Deductions, Taxes
- 0 Comments
The use of a company car is a valuable fringe benefit for business owners and key employees. This perk results in tax deductions for the employer and tax breaks for the owners and employees using the cars. (And of course, they get the nontax benefits of driving the cars!) For tax deduction purposes, a business