Employers can earn a tax credit if they hire certain targeted groups who meet certain criteria under the Work Opportunity Tax Credit.
Tax Credit Opportunity: Earn Credits for Hiring Certain Employees
Month: February 2019
Beware the Ides of March — if you own a pass-through entity
The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for “pass-through” entities.
Compilation, Review or Audit: Which do You Need?
What assurance level should you request from your CPA? It depends on operational complexity, in-house expertise and stakeholders’ needs. See the chart below to compare.
Rental Real Estate Highlight: 20% Pass-Through Deduction
The IRS has issued regulations on the 20% Pass-Through Deduction. This article explains the deduction, the Safe Harbor requirements and what forms to file.
The Home Office Deduction: Actual Expenses vs. the Simplified Method
If you run your business from home, you might be able to claim a home office deduction.
When are LLC Members Subject to Self-Employment Tax?
LLC members commonly claim that their distributive shares of LLC income aren’t subject to self-employment tax. But the IRS has been cracking down on LLC members it claims have …
A Refresher on Major Tax Law Changes for Small-Business Owners
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 …
Fundamental Tax Truths for C Corporations
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax …