Haven’t Filed Your 2019 Business Tax Return Yet? There May Be Ways to Chip Away at Your Bill

The extended federal income tax deadline is coming up fast. As you know, the IRS postponed the payment and filing deadlines until July 15 that otherwise would have fallen on or after April 1, 2020, and before July 15. [...]

By |2020-06-29T14:20:21-04:00June 29th, 2020|Categories: Blog, COVID-19, Tax|Tags: , , , , |Comments Off on Haven’t Filed Your 2019 Business Tax Return Yet? There May Be Ways to Chip Away at Your Bill

Beware of Unexpected Tax Liabilities Under New Accounting and Tax Rules!

The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018. This narrow section of the law could have a major [...]

By |2020-01-06T19:12:44-05:00August 31st, 2018|Categories: Blog, Tax|Tags: , |Comments Off on Beware of Unexpected Tax Liabilities Under New Accounting and Tax Rules!

Choosing the best business entity structure post-TCJA

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. [...]

By |2018-06-25T20:05:28-04:00June 25th, 2018|Categories: Blog, Tax|Tags: , , , |Comments Off on Choosing the best business entity structure post-TCJA

2018 Q3 tax calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us [...]

By |2019-10-16T17:38:12-04:00June 18th, 2018|Categories: Blog, Tax|Tags: , , |Comments Off on 2018 Q3 tax calendar: Key Deadlines for Businesses and Other Employers

What Businesses Can Expect From Tax Reform

Now that the Tax Cuts and Jobs Act has officially been passed, it’s time to start looking at how these changes will affect your business. Below is an overview of what’s in the tax bill and how businesses may [...]

By |2018-04-11T15:10:52-04:00March 1st, 2018|Categories: Blog, Tax|Tags: , , |Comments Off on What Businesses Can Expect From Tax Reform