Pennywise Tax Strategies Blog - Page 2

Spreading Holiday Cheer and Saving on Taxes: A Guide to Business Gift Giving and Tax Deductions

November 22nd, 2023
As the holiday season approaches, businesses often consider showing appreciation to their clients, employees, and other bu...

Common Tax Mistakes to Avoid in Your Business Tax Strategy

November 17th, 2023
As a business owner, you understand the importance of staying on top of your taxes.

Why You Should Plan Your 2024 Tax Strategy Now

November 10th, 2023
Tax season may seem like a distant thought, but the time to start planning for your 2024 taxes is now.

Maximizing Business Expense Deductions for Tax Savings

November 8th, 2023
It's the fourth quarter - which means it's time to tally up potential business expenses for tax savings!

Why a Strong Tax Strategy Is Important for Construction Companies

November 3rd, 2023
The construction industry is one of the most competitive in the world, with contractors constantly vying for new projects ...

Why Tax Strategy is Important for Restaurants

October 27th, 2023
Restaurants are notoriously thin-margin businesses. In fact, the average profit margin for restaurants is just 5%.

Two Tax Ghosts That Might Be Haunting You

October 25th, 2023
It's October 2023 and there are two tax ghosts that might be haunting you: the ERC credit and the upcoming 2023 tax deadline.

The Home Office Deduction: Who Qualifies and How to Claim It

October 25th, 2023
If you operate a business out of your home, you may be eligible to deduct home office expenses.

Why It's Important to Keep Track of Your Business Mileage

October 20th, 2023
If you use your personal vehicle for business purposes, it's essential to keep track of your mileage. This is because you ...

The IRS ERC Eligibility Checklist: Key Information for Businesses

October 6th, 2023
The Employee Retention Credit (ERC) is a complex tax credit that can help businesses and tax-exempt organizations offset t...

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