Topics: Business Tax
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Structuring loans for S corp. shareholder basis planning opportunities
S corporation shareholders confront limitations in the amount of passthrough entity losses they may deduct from income. Understanding how basis is accurately calculated and…
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Tax Cuts and Jobs Act: Key provisions affecting corporations and individuals
On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years, and according to this C.P.A. for…
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Put your income statement to good use
By midyear, most businesses that follow U.S. Generally Accepted Accounting Principles (GAAP) have issued their year-end financial statements. But how many have actually used…
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2017 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this…
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Why business entity matters when structuring an M&A deal
Taxes may not be the most exciting part of an M&A deal, but if you fail to consider how taxes will affect the final…
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S Corp vs C Corp is it time for you to make the switch
The Protecting Americans from Tax Hikes (PATH) Act of 2015 accomplished more than just extending certain tax breaks. It also made some taxpayer-friendly provisions…
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Following the new path
RECENT TAX LAW EXTENDS DEPRECIATION EXPENSING TAX BREAKS – AND MORE Manufacturers and distributors tend to invest heavily in equipment, technology upgrades and leasehold…
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Changes to ohio small business deduction and personal income tax rates
Article by ‘Lizabeth DiSiena’ Starting with the 2015 tax year, favorable changes have been made to income taxes on sole proprietorships and pass-through entities.…
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Why investing in small business stock may make more tax sense than ever
BY PURCHASING STOCK IN CERTAIN SMALL BUSINESSES, YOU CAN NOT ONLY DIVERSIFY YOUR PORTFOLIO BUT ALSO ENJOY PREFERENTIAL TAX TREATMENT. AND UNDER A PROVISION…