2.28.19
Preventing Phoenix Companies From Taking Flight With Your Money
Bankruptcy (or liquidation) can be a valid business tool when used properly. Unfortunately, it can also enable less-than-honest business owners to profit at the expense…
2.28.19
Beware the Ides of March — If You Own a Pass-Through Entity
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…
2.27.19
Revenue Recognition – Accounting for Variable Consideration
We are now two months into 2019 and non-public companies should have an implementation plan in place to implement new Accounting Standards Update 2014-09, Revenue…
2.25.19
Worried About Missing Medical Practice Tax Deductions
You entered the healing arts to take care of patients, not to spend hours or days figuring out your taxes. Although paying your taxes is…
2.21.19
Are You Current with Your Form 5500 Filings?
It is that time of year where plan administrators and third party administrators are working on processing information in order to complete the various Form…
2.19.19
Keep Fraud Off Your Restaurant’s Menu
In the restaurant industry, where long hours and thin profit margins are the norm, owners and managers often lack the time and resources to focus…
2.19.19
The Home Office Deduction: Actual Expenses vs. The Simplified Method
If you run your business from your home or perform certain functions at home that are related to your business, you might be able to…
2.19.19
Ticket Scams: When the Price of Admission Is Too High
Concert, sporting and other event tickets can go for astronomical prices — when they’re even available. Hoping to find reasonably priced tickets (or to find…
2.19.19
When Are LLC Members Subject to Self-Employment Tax?
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed…
2.12.19
Choice of Entity Becomes Even More Important After Tax Reform
One of the most significant effects of the Tax Cuts and Jobs Act (TCJA), passed at the end of 2017, is the impact it had…