Your business structure defines the legal status of your business. Each business structure comes with its own advantages and disadvantages as well as consequences for tax liability. It is important that you choose the arrangement that best meets your goals. ...
During the Spring, CPAs are typically busy readying their clients for tax season, estimating tax liabilities for quarterly filings, and filing tax returns for their individual and corporate clients. With the onset of the coronavirus pandemic (COVID-19), the deadline...
As every businessman and most Americans probably know, the 2017 Tax Cuts and Jobs Act (TCJA) made sweeping changes to the U.S. Tax Code. This act made extensive taxation changes that affect individuals and businesses. Included were corporate tax rates, business meals...
You may recall the book “Alice’s Adventures in Wonderland” originally written in 1865 by Lewis Carroll. The story relates the tale of a young girl named Alice who falls through a rabbit hole into a fantasy world. In the book, Alice is walking along a...
No business ever starts with the problem of having too much money. Barring a lottery ticket win that spurs endless cash into a venture, most entrepreneurs take the leap into business ownership with a shoestring budget and gut determination. If you’ve ever sat down...
If you started a new business in 2016, then April of 2017 is a first big milestone for your company. That’s the month when your first reported tax documentation is due to the IRS. Depending on your business type, you may be responsible for not only the business’...
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