Employee Retention Credit Could Help Your Tire Business
Rich Lipton, Tire Review contributor and senior partner at Lipton CPA Associates, explains how to tell if the new Employee Retention Credit might be right for your business.
Business Tax Provisions: The Year in Review
Lipton CPA Associates details tax changes for 2019 that business owners need to know for their books heading into the new year.
Three Tips for Getting an Accurate Business Valuation
If you’re conscientious about financial reporting, you may already have a sense of your company’s worth, but, in some instances, you might need a formal business valuation.
Business Finance Guide for Tire Dealers: Succession Planning
Selecting your business successor is a fundamental objective of planning an exit strategy, but it requires a careful assessment of what you want from the sale of your business and who can give it to you.
Tax Day 2018: Fines and Penalties You Could Pay for Filing Taxes Late
Every taxpayer should know these 10 facts about penalties for filing or paying your taxes late.
Need to File an Extension on Your Tax Return? Don’t Wait.
If you’ve been procrastinating when it comes to preparing and filing your tax return, here are the pros and cons to filing an extension.
Setting Your Auto Shop Up for Your Retirement
Whether you are nearing retirement or have decades left, there’s no time like the present to begin forming your exit strategy.
Planning for Fraud: Using Forensic Accounting to Protect Your Business
On average, more than 20% of corporate profits are lost due to fraud each year.
Last Minute Filing Tips for 2015 Tax Returns
Are you one of the millions of Americans who hasn’t filed (or even started) your taxes yet? With the April 18 tax filing deadline quickly approaching, here is some last minute tax advice for you. 1. Stop Procrastinating. Resist the temptation to put off your taxes until the very last minute. It takes time to
IRS ‘Dirty Dozen’ Tax Scams
Compiled annually by the IRS, the “Dirty Dozen” is a list of common scams taxpayers may encounter in the coming months. While many of these scams peak during the tax filing season, they may be encountered at any time during the year. Here is this year’s list: 1. Identity Theft Tax-related identity theft occurs when
Ensuring Financial Success for Your Business
Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not quite. You can’t let your business run on autopilot and expect good results. Any business owner knows you need to make numerous adjustments along the way – decisions
2015 Tax Provisions for Businesses: A Review
Whether you file as a corporation or sole proprietor here’s what business owners need to know about tax changes for 2015. Standard Mileage Rates The standard mileage rates in 2015 are as follows: 57.5 cents per business mile driven, 23 cents per mile driven for medical or moving purposes, and 14 cents per mile driven