What Can You Claim as a Charitable Contribution?

Many of our clients at Biesinger & Kofford CPAs make charitable contributions throughout the year, and wish to claim it as a tax deduction. But not every charitable contribution qualifies for such a deduction, and the exact rules surrounding this element of tax law often confuses many of our clients....

Why You Should Consider Registering as an S-Corp

If you’re like most small-business owners, you’re probably operating your company under the designation of a single-member LLC or partnership—and you’re probably doing it without much thought regarding your other options. But at Biesinger & Kofford CPAs, our Provo business accountants often recommend that business owners register their companies as...

Changes to Business Tax Deductions: Meals and Entertainment

The recent changes to tax law come with a number of differences in business tax deductions. While these changes don’t apply to your current tax return, it’s important to know about these changes in tax law early on, so that you can make smarter financial decisions for your company. One...

Does Your Company’s R&D Qualify for a Tax Credit?

Most businesses perform research and development on a regular basis in order to improve products or processes and fuel business growth. Of course, that research comes with a price tag. But like many other business expenses, your company’s R&D expenses may qualify for a tax credit—one that too few small-business...

What Is Your Tax Bracket and Rate for 2018?

The new tax law that went into effect on January 1st of this year comes with a new set of tax brackets and tax rates. Do you know which bracket you fall in, and what your new tax rate will be? This blog provides a quick outline of all the...