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How Deducting Business Losses Changed with TCJA

TCJA has placed some limitations on deducting business losses. Here’s a look at the changes in the rules and how they might affect you.

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Small businesses: Get ready for your 1099-MISC reporting requirements

A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others.

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What you Need to Know About Business Interest Limits

The Tax Cuts and Jobs Act (TCJA) introduced a variety of tax benefits for businesses. but it placed limits on several tax breaks, including interest expense deductions.

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Who is Responsible for the 100% Penalty?

One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but …

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Making the Right Entity Choice: C Corporation vs. S Corporation

The right entity choice can make a difference in the tax bill you owe for your business. There are plenty of potentially expensive tax problems that you should assess before making …

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The Basics of a Cost Segregation Study

A cost segregation study may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow.

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Succession Planning

Start Your Business with the End in Mind – Why Succession Planning is Important

A comprehensive strategy to get your business up and running should include planning for your own exit. As one of the founders, your departure will have a significant impact on …

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FUTA Tax

Unemployment Tax: Four Tips to Control FUTA Tax

Unemployment taxes can cost your business a bundle. That is especially true if a lot of former employees file unemployment claims against your business. Fortunately, you may be …

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Chosen for an IRS Audit? Here’s what you need to know

Businesses, large corporations and high-income individuals are more likely to be audited but, overall, audit rates are historically low.

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