Tag: IRS

NPMA

NPMA urges PMPs to write Congress

December 4, 2015 By
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment from gross income from the year the equipment was purchased, rather than writing off the depreciation of the equipment over several years.... Read more»
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Photo: ©istock.com/Olivier Le Moal.

Financial Strategies: Employees vs. Independent Contractors

December 2, 2015 By
Misclassifying an employee as an independent contractor will cost you, so classify your workers correctly. The Internal Revenue Service (IRS) and the U.S. Department of Labor are cracking down on employers who pay workers without withholding and remitting proper employer... Read more»
This article is tagged with , and posted in 1115, Business, featured

Exit Strategies – Minimize the Dreaded ‘Double Tax’

December 10, 2013 By , and
How to minimize the dreaded ‘double tax’ when you sell your pest control C corp. You’ve worked hard over the years building your business, and now it’s time to harvest the fruits of your labors. When you started, your attorney likely advised... Read more»
This article is tagged with , and posted in 1213, Business

Targeting T&E

March 1, 2013 By
The travel and entertainment category is one of the largest tax audit exposures for many small businesses. While recently attending a fancy dinner after a day of golf with other pest management professionals (PMPs) during an industry convention, I was... Read more»
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