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Choosing the right accounting method for tax purposes

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this…
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A Family Limited Partnership can save tax in a family business succession!

One of the biggest concerns for family business owners is succession planning — transferring ownership and control of the company…
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Be aware of the tax consequences before selling your home!

If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it…
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Business deductions for meal, vehicle and travel expenses: Document, document, document

Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could…
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Close-up on the new QBI deduction’s wage limit

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a…
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How to avoid getting hit with payroll tax penalties

For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year…
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Does your business have to begin collecting sales tax on all out-of-state online sales?

You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local governments to impose sales taxes on…
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A midyear review should go beyond financials

Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably…
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2018 Q3 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 third quarter of 2018. Keep…
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Factor in state and local taxes when deciding where to live in retirement

Factor in State and Local Taxes When Deciding Where to Live in Retirement Many Americans relocate to another state when…
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