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Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited…read more
If your marketing budget is limited, there may be ways to make that money go further. Smart strategies abound for small to midsize businesses. Let’s…read more
A number of factors are making 2023 a confounding tax planning year for many people. They include turbulent markets, stabilizing but still high interest rates…read more
The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the dire effects of climate change. One of the provisions…read more
There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing…read more
This article applies to owners on non US corporations that may be considered a Passive Foreign Investment Company (PFIC). It also applies to owners of…read more
As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so,…read more
Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more…read more
In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return. Examiners…read more
The sprawling TCJA signed into law in late 2017 contains some inadvertent glitches that range from a lack of clarity to significant drafting errors. In…read more
It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as…read more
Current financial pressures mean that your not-for-profit probably can’t afford to pass up offers of support. Yet you need to be careful about blindly accepting…read more
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