by BeallBarclay Editor | Jul 17, 2019 | Posts
Couples getting married know there are a lot of details in planning a wedding. Along with the cake and gift registry, the first tax return as a married couple should be on your checklist. The IRS has tips and tools to help newlyweds consider how marriage may affect...
by BeallBarclay Editor | Jul 16, 2019 | Posts
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time....
by BeallBarclay Editor | Jul 11, 2019 | Posts
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you may increase your chances of being audited. If a sale involves...
by BeallBarclay Editor | Jul 2, 2019 | Posts
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that the fair market value of goods that you receive in bartering is taxable income. And if you exchange services...
by BeallBarclay Editor | Jun 27, 2019 | Posts
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations paid up to 35%. The TCJA also cut individual income...
by BeallBarclay Editor | Jun 25, 2019 | Posts
Here are some of the key tax deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional tax deadlines that apply to you. Contact us to ensure you’re meeting all...
