Tax, Accounting, and Business Insights

Owners of closely held companies are often interested in how you can easily withdraw cash from your corporation at the lowest possible tax cost.

The new threshold established by the TCJA expands eligibility for small business tax benefits to a greater number of companies.

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.

Nexus studies are performed by CPAs well-versed in multistate taxation to help determine what a business’s tax exposure truly is.

If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees.

Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property and first-year bonus depreciation.

The CARES Act eases the rules for claiming certain tax losses and liberalizes rules for NOL carryforwards. Here’s a look at the modifications.

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.

The CARES Act temporarily relaxes the limitation on deductions for business interest expense. Here’s the story.

More states are modifying their nexus doctrines to embrace the concept of economic presence for both sales and income taxes.

If you buy, lease or develop computer software, you should be aware of the complex rules that apply to determine the tax treatment of these expenses.

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020.