by BeallBarclay Editor | Feb 28, 2019 | Posts
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who face significant barriers to employment. The WOTC was created in 1996 and joins other workforce programs facilitating jobs...
by BeallBarclay Editor | Feb 26, 2019 | Posts
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...
by BeallBarclay Editor | Feb 22, 2019 | Posts
Assurance refers to the degree of confidence lenders and investors have that your company’s financial statements are reliable and conform with a reporting framework such as the U.S. Generally Accepted Accounting Principles (GAAP). What assurance level should you...
by BeallBarclay Editor | Feb 21, 2019 | Posts
On January 18, 2019 the IRS issued final regulations under Internal Revenue Code § 199A (“199A”)—the Qualified Business Income Deduction, better known as the 20% Pass-Through Deduction. This provision provides certain non-corporate taxpayers a deduction of up to 20%...
by BeallBarclay Editor | Feb 19, 2019 | Posts
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 claim a home office deduction against your business income on your 2018 income tax return. There are now two methods for claiming this...
