Get ready. The upcoming presidential and congressional elections may significantly impact the tax landscape for businesses in the United States. The reason has to do with a tax law that’s scheduled to expire in about 17 months and how politicians in Washington would like to handle it. How We Got Here The Tax Cuts and
Tag: Section 199A
QBI Deduction Basics and How to Qualify
If you own a business, you may wonder if you’re eligible to take the qualified business income deduction (QBI deduction).
Worker Classification: Classify Carefully as IRS Continues to Scrutinize Independent Contractors
The classification of workers as independent contractors or employees has significant implications — both tax and nontax — for all businesses.