Rental Real Estate Highlight: 20% Pass-Through Deduction
The IRS has issued regulations on the 20% Pass-Through Deduction. This article explains the deduction, the Safe Harbor requirements and what forms to file.
Author: Andrew Litchford
Posts by Andrew Litchford
The Home Office Deduction: Actual Expenses vs. the Simplified Method
If you run your business from home, you might be able to claim a home office deduction.
When are LLC Members Subject to Self-Employment Tax?
LLC members commonly claim that their distributive shares of LLC income aren’t subject to self-employment tax. But the IRS has been cracking down on LLC members it claims have underreported SE income.
A Refresher on Major Tax Law Changes for Small-Business Owners
With the biggest tax law changes in decades — under the Tax Cuts and Jobs Act (TCJA) — generally going into effect beginning in 2018, most businesses and their owners will be significantly impacted. So, refreshing yourself on the major changes is a good idea.
Fundamental Tax Truths for C Corporations
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same.
Are You at Risk of Tax-Related Identity Theft?
This week, January 28-February 1, is Tax Identity Theft Awareness Week. The goal of this week is to make taxpayers more aware of how to protect themselves from tax-related identity theft and scams.
Is Your Marketing Plan Effective?
A marketing plan going nowhere will likely leave your sales team lost and your bottom line suffering. Maybe it’s time to do some reconstruction work on yours.
Getting Wise to the Rise of “Smart” Buildings
Nowadays, data drives everything — including the very buildings in which companies operate. If your business is considering upgrading its current facility, or moving to or constructing a new one, it’s important to be aware of “smart” buildings.
4 Business Functions you Could Outsource Right Now
One thing in plentiful supply in today’s business world is help. It’s never been easier to outsource certain business functions so you can better focus on fulfilling your company’s mission and growing its bottom line. Here are four such functions to consider.
Economic Damages: Recovering what was Lost
A business can suffer economic damages arising from a variety of illegal conduct. If your company finds itself headed to court looking to recover lost profits, diminished business value or both, it’s important to know how the damages might be determined.