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 …Read More

 

What You Need to Know About Buy-Sell Agreements

Abstract:   A buy-sell agreement is a valuable document for owners of closely held businesses. These agreements specify whether — and under what circumstances — owners’ interests may be transferred. This article details the advantages …Read More

 

The Tax Cuts and Jobs Act has narrowed the range of who can claim the home office deduction. But certain business owners and self-employed taxpayers may still be eligible depending on how you use your …Read More

 

You’ve probably heard of “bitcoin” and its overwhelming popularity in the world of cryptocurrency, but have you considered the tax consequences of using this form of payment? Most small businesses do not accept bitcoin or …Read More

 

If you’ve ever had a job, odds are, you’ve seen nepotism (or some form of hiring family members) in the work place. The college intern that doubles as a partner’s daughter or the new secretary …Read More

 

It’s important to fully understand the role of the audit committee in order to present on the operations of your business. These tips by Brandon Rosenthal, CPA will help you better understand their role. The …Read More

 

Froehling Anderson compiled some tax document retention guidelines that you may find useful after wrapping up 2017 taxes. It is important to know which items to hold on to in order to stay organized for …Read More

 

In quarter 2 of 2018, there are some important tax-related deadlines affecting businesses and other employers to be aware of. This list is not all-inclusive, so there may be other deadlines that pertain to your …Read More

 

Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange. However, the Tax Cuts …Read More

 

Many businesses hired in 2017, and more are planning to hire in 2018. If you’re among them and your hires include members of a “target group,” you may be eligible for the Work Opportunity tax …Read More