The Tax Benefits of S Corporation Status
Electing S corporation status continues to be a popular entity choice, combining the liability protection of a corporation with many of the tax benefits of a partnership.
Author: Andrew Litchford
Posts by Andrew Litchford
Gig Workers: Know your Tax Responsibilities
For taxpayers who’ve turned to gig work this year it’s critical to understand the income tax responsibilities for gig workers.
How to Withdraw Cash from your Corporation
Owners of closely held companies are often interested in how you can easily withdraw cash from your corporation at the lowest possible tax cost.
Eligibility for Small Business Tax Benefits Expanded
The new threshold established by the TCJA expands eligibility for small business tax benefits to a greater number of companies.
Closing a Business? Don’t Forget to do These Things
If you are closing a business, we’re here to assist you in any way we can, including taking care of the various tax obligations that must be met.
What Triggers Nexus? How Nexus Studies Can Help
Nexus studies are performed by CPAs well-versed in multistate taxation to help determine what a business’s tax exposure truly is.
Defined Benefit Plans: Which one is Right for your Business?
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees.
First-Year Bonus Depreciation for QIP: Is it Better than 15-Year Depreciation?
Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property and first-year bonus depreciation.
3 CARES Act Modifications that Ease Rules for Some Tax Losses
The CARES Act eases the rules for claiming certain tax losses and liberalizes rules for NOL carryforwards. Here’s a look at the modifications.
How do Passive Activity Loss Rules Affect my Business?
If your ventures are passive activities, the passive activity loss rules prevent you from deducting expenses that are generated by them in excess of their income.