Nexus studies are performed by CPAs well-versed in multistate taxation to help determine what a business’s tax exposure truly is.
What Triggers Nexus? How Nexus Studies Can Help
Month: October 2020
Defined Benefit Plans: Which one is Right for your Business?
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees.
First-Year Bonus Depreciation for QIP: Is it Better than 15-Year Depreciation?
Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property and first-year bonus depreciation.
Social Security Wage Base is Increasing in 2021
If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing.
3 CARES Act Modifications that Ease Rules for Some Tax Losses
The CARES Act eases the rules for claiming certain tax losses and liberalizes rules for NOL carryforwards. Here’s a look at the modifications.
How do Passive Activity Loss Rules Affect my Business?
If your ventures are passive activities, the passive activity loss rules prevent you from deducting expenses that are generated by them in excess of their income.
Business Interest Expense Limitations Relaxed by CARES Act
The CARES Act temporarily relaxes the limitation on deductions for business interest expense. Here’s the story.
Just How Far Reaching is the Economic Nexus Doctrine Permitted Under Wayfair?
More states are modifying their nexus doctrines to embrace the concept of economic presence for both sales and income taxes.