Tax, Accounting, and Business Insights

When it comes to your company’s tax planning and management, the dividends received deduction (DRD) can be a valuable tax deduction. The DRD allows a tax deduction when C corporations receive dividends from other corporations. This deduction is meant to help alleviate the consequences of triple taxation — while also reducing your company’s tax obligations.

Do you and your spouse run a successful unincorporated small business together? If so, you face some challenging tax issues. The partnership issue for spouse-run businesses An unincorporated business with your spouse is classified as a partnership for federal income tax purposes, unless you can avoid that treatment. If not, you must submit a Form

Maybe this is how you’ve been operating: deducting 100% of the purchase cost of a large asset in a single year, significantly reducing your tax liability for the year. However, the phase-out for this bonus depreciation begins this year.

Keep reading to learn what this 2023 bonus depreciation phase-out means for your business.

Like many major life events, divorce can have major tax implications. And if you own a business, the stakes are higher.

Your employees are on the front line when it comes to cyberthreats, but many of them are unprepared. When cybercriminals strike, employees may not recognize the risks and red flags. Data breaches cost on average $4.35 million, so providing your employees with training is crucial. Current Cybersecurity Battlefield According to a recent study by the

One disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. To avoid — or at least defer — double

Let’s say you own highly appreciated land that’s now ready for development. It could result in a significant tax burden if you subdivide it, develop the individual pieces, and then sell them off for a healthy profit. In this case, the tax rules generally treat you as a real estate dealer. This means that your

It’s common for disaster planning to be overlooked when your nonprofit is focused on its mission. However, taking the time to prepare now can prevent serious consequences in the future. Your operations are vulnerable to a range of risks, from natural disasters like hurricanes and wildfires to man-made threats like cyberattacks and active shooters. Even

Does your business need cyber security insurance?

Yes — and here’s why.

Did you know that you can qualify for the ADA tax credit by updating your business website to proper accessibility standards? This means up to a $5,000 tax credit could be available to your small business.

Arkansas Employer Support of the Guard and Reserve, a Department of Defense program, presented Landmark CPAs with the ESGR Pro Patria Award in recognition of the extraordinary support of employees who serve in the Guard and Reserve. The esteemed recognition is the highest-level award that may be bestowed by an ESGR State Committee. The award

Claiming significant first-year depreciation tax deductions for eligible real estate expenditures may be an option for your business, allowing you to accelerate deductions rather than spreading them out over multiple years. However, this decision is not as straightforward as it may appear, as there are important factors to consider. Qualified Improvement Property (QIP) For assets