Paying your taxes is serious—and the government wants you to know it. For the first time in years, Minnesota and Wisconsin now have a permanent director in the U.S. Attorney’s office dedicated to fighting tax …Read More

 

Investing in business assets is a traditional and powerful year-end tax planning strategy, and it might make even more sense in 2018. Sec. 179 expensing and bonus depreciation both allow an immediate deduction for the …Read More

 

Independent Contractor vs. Employee: Worker Classification Matters Many employers mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as the contractors satisfy all of their tax obligations. This couldn’t …Read More

 

Abstract:   Using a calendar year as a company’s tax year is often the simplest approach. But for businesses whose primary operating season doesn’t fall neatly within a single calendar year, choosing a fiscal year end …Read More

 

Tax reform has opened the door for more companies to use the simpler cash method of accounting. Small businesses tend to convert to accrual-basis reporting vs. cash for federal tax purposes. While simpler is often …Read More

 

The tax treatment of fringe benefits varies. Many types are tax-free to employees, but the TCJA has changed the tax treatment of some benefits. Here’s what small businesses need to know. Insurance Businesses can provide …Read More

 

Important Deadlines for 2018 Q4 Tax Calendar

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply …Read More

 

Evaluating the S Corporation

The S corporation has been one of the most popular business structures, due to its combination of liability protection and tax benefits. But that might be changing since not all businesses are eligible. Also, the …Read More

 

The effects of the 2017 Tax Cuts and Jobs Act has a simple but large impact on the Estate Tax world. The federal exemption increased from $5.49 million per person in 2017, to $11,180,000 in …Read More

 

Evaluating the Best Entity Choices Post-TCJA

The TCJA’s new, flat 21% income tax rate for C corporations may make choosing C corp structure for your business seem like a no-brainer. After all, 21% is much lower than the 37% top rate …Read More