by markreadercpa | Aug 25, 2021 | Business, Taxes
In a recent article on CPA Practice Advisor, Ken Berry, J.D. discusses the many tax implications a new business vehicle has for the self-employed. Below is an excerpt from the article. The new 2022 car and truck models will be in dealership showrooms soon. If...
by markreadercpa | Nov 20, 2020 | Business, Corporate Structure, Planning, Taxes
In a recent article on Accounting Today, Anthony DeStefano outlines the advantages and disadvantages of different organizational structures for small businesses. DeStefano quickly focuses on the S Corp as one of the best options for most small businesses. Below is an...
by markreadercpa | Nov 18, 2020 | Planning, Taxes, Year-End Planning
Now that the election is over, how is tax planning affected? On acountingtoday.com, Mark A. Luscombe wrote a post “Tax Strategy: Post-Election Tax Planning” in which he addresses the issue of year-end tax planning being somewhat of a guessing game. The...
by markreadercpa | Oct 9, 2020 | Planning, Taxes
Although you may not have done a tax planning meeting in the past, you may need to do one this year We are in the beginnings of year-end tax planning. And although you may not have done a tax planning meeting in the past, you may need to do one this year. Here are...
by markreadercpa | May 12, 2020 | Taxes
When it comes to estimated tax payments, there are problems you will want to avoid. In fact, there are three potential penalties that can rear their ugly heads with the filing of your tax returns. This includes 1) Failure to file, 2) failure to pay, and 3)...
