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 …Read More

 

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 …Read More

 

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 …Read More

 

The world is musing over the potential impact of Artificial Intelligence (AI). Forrester predicted “A greater than 300% increase in investment in artificial intelligence in 2017”, and Sundar Pichai CEO of Google wrote in 2016 …Read More

 

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 …Read More

 

Private companies have a good reason to celebrate this New Year: The FASB recently updated its guidance to allow them to opt out of the complicated rules for consolidating variable interest entities (VIEs). Consolidating financial …Read More

 

M&A volume skyrocketed in 2018. However, before you close on a prospective deal, it’s important to consult with your auditor and make sure your post-M&A financial statements comply with U.S. Generally Accepted Accounting Principles. Prepare the …Read More

 

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 …Read More

 

The end of the year is approaching and it’s time to perform an effective inventory count. Beyond accounting compliance, a year-end physical inventory count can help reduce carrying costs and unearth fraud. Are you ready to …Read More

 

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 …Read More