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...
by BeallBarclay Editor | Feb 11, 2019 | Posts
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment tax (SE tax). But the IRS has been cracking down on...
by BeallBarclay Editor | Feb 7, 2019 | Posts
With the biggest tax law changes in decades — under the Tax Cuts and Jobs Act (TCJA) — generally going into effect beginning in 2018, most businesses and their owners will be significantly impacted. So, refreshing yourself on the major changes is a good idea. Taxation...
