When Can You Deduct Uncollected Debt?
In certain situations, you can deduct bad debt on your federal income tax return to offset ordinary business income. This, in turn, could lower your business’ overall tax liability.
Author: Andrew Litchford
Posts by Andrew Litchford
Could Your Business Benefit from the Tax Credit for Family and Medical Leave?
The new family and medical leave credit could be an attractive perk for your company’s employees. However, it can be expensive because it must be provided to all qualifying full-time employees.
What You Need to Know About Depreciation-Related Breaks on Business Real Estate
Special tax breaks that allow deductions to be taken more quickly are available for certain real estate investments. There are two breaks you might not be able to enjoy due to a drafting error in the TCJA.
Simplified Employee Pension: Still Time for 2018
If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish a Simplified Employee Pension and reduce your 2018 tax bill.
Landmark Hires for Fit as Tight Talent Pool Shrinks
One of the biggest challenges in the accounting industry is finding the right talent. In a tight talent pool, Landmark CPAs hires for fit to create future leaders of the firm.
Tax Incentives Through Qualified Opportunity Zones
You may have heard about many of the Tax Cuts and Jobs Act (TCJA) provisions in the news, however Qualified Opportunity Zones (QOZs) have managed to stay out of the spotlight.
Lease or Buy Fixed Assets: Which is More Tax Efficient?
When deciding whether to lease or buy a fixed asset, there are a multitude of factors to consider, including tax implications.
Tax Credit Opportunity: Earn Credits for Hiring Certain Employees
Employers can earn a tax credit if they hire certain targeted groups who meet certain criteria under the Work Opportunity Tax Credit.
Beware the Ides of March — if you own a pass-through entity
The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for “pass-through” entities.
Compilation, Review or Audit: Which do You Need?
What assurance level should you request from your CPA? It depends on operational complexity, in-house expertise and stakeholders’ needs. See the chart below to compare.