Jul 16, 2019 | Firm Updates, Small Business
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time....
Jun 19, 2019 | Firm Updates, Individual Tax, Small Business, Tax Tips
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all...
May 28, 2019 | Firm Updates, Individual Tax, Small Business, Tax Tips
The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined as compared with prior years. However, even though a small percentage of tax returns are being chosen for audit these days, that will be little...
May 21, 2019 | Firm Updates, Small Business
If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how to manage money. And you may be able to: Shift your...
Feb 26, 2019 | Firm Updates, Small Business, Tax Tips
Shakespeare’s words don’t apply just to Julius Caesar—they also apply to calendar-year partnerships, S corporations, and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why? The Ides of March, more commonly known as March...
Feb 1, 2019 | Firm Updates, Individual Tax, Small Business
One of the provisions of the Tax Cuts and Jobs Act—the Section 199A Deduction for Qualified Business Income of Pass-through Entities (S199A)—is generating great anticipation for many taxpayers. This section of tax law provides a deduction to individuals, trusts, and...
