Tax & Accounting
Audit
Business
Category
Like you, Landmark has been monitoring the COVID-19 developments closely. Considering the time of year with the upcoming tax deadline along with the health and safety of our employees and clients, maintaining operations is a priority.
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief.
The IRS released Notice 2020-17 providing additional information related to the extension of the deadline for Federal income tax payments.
Congress has passed and the President has signed the Families First Coronavirus Response Act.
Organizations with only one or two sources of revenue are particularly vulnerable to financial trouble. Now is the time to ensure your revenue streams are sufficiently diverse.
Treasury Secretary Steven Mnuchin announced that individual taxpayers who owe up to a million dollars in federal taxes can defer paying until July 15.
A Simplified Employee Pension (SEP) can still be set up for 2019, and you can make contributions to it that you can deduct on your 2019 income tax return.
GAAP-compliant construction businesses with a calendar year end now have until 2021 to implement Accounting Standards Codification (ASC) Topic 842, Leases.
There’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends because a corporation can deduct the salaries and bonuses that it pays executives.
If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on your tax bill.
If you’re a business owner, be aware that the Work Opportunity Tax Credit, a credit for hiring individuals from one or more targeted groups, has been extended.
A business valuation is a critical component of a successful exit strategy. Without knowing what your business is worth in the marketplace, it would be difficult to determine a sales price.