Club Capital Blog | Tax

Tax Industry News

As we step into 2024, business owners face a new compliance obligation - the Beneficial Ownership Information (BOI) report. This requirement stems from the Corporate Transparency Act,...

Tax Industry News

That sound you heard yesterday was the sigh of relief from tax professionals everywhere when the IRS announced their latest update on the Employee Retention Tax Credit (ERC or ERTC) as...

Tax

When you're running a small business, every dollar counts. It's always a good idea to pay close attention to the deductions you can take on your tax return. As a small business owner, you...

Tax

Taking a vacation is one of the best things you can do for yourself. It’s a chance to get away from the usual routine and unwind, plus it’s often an opportunity to recharge and rejuvenate...

Tax

Are you thinking about purchasing a vehicle for your business? If so, the IRS Section 179 deduction might be able to help. Here are four things you need to know about Section 179 and how it...

Tax

For many people, working from home isn't a choice but a necessity. Fortunately, if you're self-employed and have a home office (and you meet certain requirements), there are deductions that...

Tax

If you're a business owner, I'm guessing that you and your staff regularly receive credit card rewards. But have you ever wondered if these rewards are taxable? The answer to this question...

Tax

As a sole proprietor, you are in charge of the day-to-day operations, from paying the bills to making sales calls. You are also responsible for paying taxes on your earnings and any other...

Tax

As an agency owner, it's important to know how to calculate quarterly income taxes. One of the most common tax mistakes a business owner can make is neglecting to pay estimated quarterly...