727·330·3500    ·    Denise Mensa-Cohen, Enrolled Agent    ·    Office Located in Clearwater, Florida
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Closing a Business? Here’s How to Stay on Top of Your Tax Duties

10 Small Business Tax Tips from the IRS

To help ensure small businesses take advantage of all potential tax breaks, the IRS Taxpayer Advocate Service (TAS) summarizes the types of tax you may owe and provides a list of 10 federal tax tips. Among the tips are to separate your business and personal finances,...
Closing a Business? Here’s How to Stay on Top of Your Tax Duties

The Tax Impact of Business Bartering

Bartering is simply the exchange of services or property, and it’s a taxable event. For example, if a computer consultant trades services with an advertising agency, each must report income equal to the fair market value of the services they received, typically the...

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