10.12.21
State Taxes Impact Business Sales, Too
For various reasons, business owners sometimes decide to put their companies on the market. To successfully negotiate the sale of a business, it’s critical to…
10.12.21
Don’t Get Blown Away by a Windfall
Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many people get blown away by…
10.12.21
The Deductibility of Medical Expenses
Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging, and it can be difficult…
10.12.21
Being Prepared for an IRS Audit
The IRS recently announced it intends to hire thousands of new employees as part of a tax-enforcement push. This could mean an uptick in audits…
10.4.21
2021 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list…
9.27.21
It’s Not Too Late To Claim the Employee Retention Credit (ERC) For Both 2020 and 2021
With all of the laws, incentives and credits made available for businesses due to the COVID-19 pandemic, one credit that is often overlooked is the…
9.27.21
M&A Transactions: Be Careful When Reporting to the IRS
Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to Refinitiv, a provider…
9.24.21
Disasters and Your Taxes: What You Need To Know
Homeowners and businesses across the country have experienced weather-related disasters in recent months. From hurricanes, tornadoes and other severe storms to the wildfires again raging…
9.24.21
Operating in Multiple States May Have State Tax Implications
Nothing is certain but death and taxes. While this may apply to federal taxes, state taxes are a bit more uncertain. Manufacturers and distributors operating…
9.24.21
Small Manufacturers May Opt To Use Simplified Reporting Methods
The Tax Cuts and Jobs Act (TCJA) expanded the tax code’s definition of “small business” to include those with average annual gross receipts of $25…