Can You Depreciate a Classic Car You Use in Business?
In the 1990s, a professional musician named Brian Liddle deducted part of the cost of his bass viol — a rare, 17th-century
Blog
Running a business in the U.S. comes with endless questions — taxes, payroll, bookkeeping, compliance. Our blog answers them. Get clear, practical guidance from CPAs on IRS updates, tax-saving strategies, and everything you need to start and grow your business with confidence.
Subscribe to Manay CPA’s weekly newsletter delivering top strategies and trends for those who want better results.
Starting or buying a business? Learn which start-up costs you can deduct, which must be capitalized, and when your business officially begins for taxes.
October 15 Tax Deadline: Everything You Need to Know
That sigh of relief you let out back in April when you filed for a
What Is IRS Form 8822-B? Form 8822-B Instructions
As with every tax authority, the IRS presents certain requirements beyond filing an annual tax
Convert LLC to S Corp: A Step-by-Step Guide
Business owners who wish to enjoy the benefits of limited liability opt for the LLC
Tax Return for Nonresident Alien vs. Resident Alien
Taxes must be filed by every person who is a citizen or a resident in
Latest New
Can Your Small Business Deduct Inventory When You Buy It?
If you’re an Amazon or Shopify seller, an importer, or run a small manufacturing business, here’s the honest answer: usually, no, not
Missed an RMD? Here’s How to Get the Penalty Waived
If you missed a Required Minimum Distribution (RMD), there’s a penalty involved, but it’s not automatic and it’s usually fixable. The steps
Your ERC Refund Arrived in 2026. Now What?
The Current Situation A significant number of Employee Retention Credit (ERC) claims filed in 2022 and 2023 are only now being processed,
The “Rent Assets to Your Own Corporation” Myth
A Frequently Repeated Claim The claim circulates widely across social media and informal advisory channels, typically presented with considerable confidence: rent a
Freeing Suspended Passive Losses — and the New 2026 Trap
Say you bought a rental property for $ 300,000 ten years ago. Depreciation and expenses have created a loss on paper almost
Join our Newsletter
With tools to make every part of your process more human and a support team excited to help you.