1.17.24
There’s a New Threshold for Electronically Filing Information Returns
Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule…
1.16.24
The IRS Announces a Delay in New Reporting Rule Threshold
The Internal Revenue Service (IRS) likes to know when you receive money for rendering services or selling products. They also like to tax that money.…
1.16.24
Lasting Impact of the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act of 2017 (TCJA), which was signed into law on December 22, 2017, brought significant changes and tax reform, amending…
1.15.24
Tax-Favored Qualified Small Business Corporation Status Could Help You Thrive
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-Free Treatment for Eligible Stock Gains QSBCs are the…
1.10.24
One Reason to File Your 2023 Tax Return Early
The IRS will soon announce the opening of the 2023 individual income tax return filing season. Even if you typically don’t file until much closer…
1.10.24
Appraisals Aren’t Just for Businesses Anymore
Whether you’re in the process of making a retirement or estate plan, or intend to donate property to charity, you’ll need to know the value…
1.10.24
First-Year Bonus Depreciation and SEC. 179 Expensing: Beware of Pitfalls
Eligible taxpayers can elect to use bonus depreciation or Section 179 expensing to deduct the full cost of eligible property in the year it’s placed…
1.10.24
The Advantages of Using an LLC for Your Small Business
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets.…
1.10.24
The Impact of ESG in Construction
Green building, nondiscriminatory employment policies, ethical leadership — none of these are new concepts in the construction industry. However, they’ve begun to fall under the…
1.10.24
Tax Fundamentals for Construction Businesses in the New Year
For construction business owners, the arrival of a new year should mean two things: high hopes for a busy twelve months and essential tax planning.…