C Corporation Tax Truths
Most C corporations are seeing a significant tax cut under the Tax Cuts and Jobs Act (TCJA). But there are still certain tax vulnerabilities for these entities that haven’t changed much. Check out some of
What to Consider When Filing your 2018 Tax Return
Enhanced depreciation-related tax breaks for certain business real estate investments, such as qualified improvement property, may offer substantial savings when you file your 2018 tax return. Here's what you need to know. Section 179 expensing
Annual Inflation Adjustments Affecting Businesses in 2019
Do you know what the Section 179 expensing limit is for 2019? Or how much you can allow your employees to contribute to their 401(k) plans this year? Find out these amounts and other annual
Possibility of Larger Deductions for Business Miles this Year
Businesses generally can determine their vehicle expense deductions either by calculating the actual expenses or using the IRS’s standard mileage rate, which has increased for 2019. Your business may be able to claim a larger
Tax Planning Exit Strategies for Business Owners
Your exit strategy may not be the first thing that comes to mind when thinking about tax planning for your business. But it should be a key element to look out for your own financial
Consider these Last Minute Tax Moves for your Business
Even though tax planning is a year-round task, there is still time to take action on lowering your 2018 tax bill. Follow these last minute tax moves for your business: Postpone invoices. If your business
Key Deadlines for 2019 Quarter 1 Tax Calendar
Here are a few key tax-related deadlines for businesses during Q1 of 2019. This list isn't all-inclusive, so there may be additional deadlines that affect your business. Contact us if you have any questions about
IRS Update: New Changes to Form W-4
Following feedback from the payroll and tax communities, the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020. The 2019 version
TCJA Update: Is your Business Eligible for the Cash Method?
The Tax Cuts and Jobs Act expanded the eligibility of the cash method for businesses. Usually, if a business’s receivables exceed its payables, the cash method of accounting will allow more income to be deferred
Urgent W-2 and 1099 Filings Notice
There is a major change regarding W-2 and 1099 filings. In 2018, the IRS issued regulations that virtually eliminated the ability to ask for an extension to file these forms. This change means you must
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