9.25.18
Businesses Aren’t Immune to Tax Identity Theft
Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. And identity…
9.19.18
Maximizing the Qualified Business Income Deduction
One of the most complex provisions enacted by the Tax Reform and Jobs Act (the Act) is the Qualified Business Income Deduction (QBID), which is…
9.12.18
Improving Operational Effectiveness
Are You Operating Effectively in All Key Areas? In today’s competitive manufacturing industry, it is critical that your manufacturing company is operating effectively in all…
9.10.18
Study up on the Tax Advantages of a 529 Savings Plan
With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial…
9.7.18
How Spouse-Owned Businesses Can Reduce Self-Employment Taxes
If you own a profitable, unincorporated business with your spouse, you probably find the high self-employment (SE) tax bills burdensome. An unincorporated business in which…
9.6.18
When Is Bartering Taxable?
The notion of bartering may conjure an image of a crowded, bustling medieval bazaar. Dusty travelers, farmers perchance, haggle with merchants over textiles or metal…
9.5.18
TCJA Draws a Silver Lining Around the Individual AMT
The Tax Cuts and Jobs Act (TCJA) didn’t eliminate the individual alternative minimum tax (AMT). But the law did draw a silver lining around it.…
9.4.18
Is Your Company Ready to Implement the New Revenue Recognition Standards?
The time is near. The new revenue recognition standards (Topic 606), which vastly changes the revenue recognition model for contractors, is on the horizon for…
8.30.18
After the New Tax Law – Depletion Becomes Top Tax Saver for Pit Owners
Like depreciation, depletion is an accounting item that is the allocation of costs associated with utilizing assets to generate revenue. Where the two differ is…
8.20.18
Assessing the S Corp
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not…