Resources
Recommended Resources
A collection of blog posts, articles and more for those who like up-to-date information about what is happening in the world of accounting.
Resources
Blog
Year-End Tax Planning
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...
Help with the PPP Loan Forgiveness Application
I know this has become a very common statement: “What crazy times we live in,” how true it is. One of the ways that the federal government has attempted to assist the small business owner is through the Paycheck Protection Program (PPP) loan. When the PPP was first...
6 More “Best of Class” Characteristics of Successful Businesses
Here are more characteristics and action plans that successful small- to middle-market businesses have in common. In the previous blog, I spoke about 6 common characteristics shared by successful companies and their owners. Here I am bringing you 6 ADDITIONAL...
Selling a Corporation
For those of you organized as a corporation and contemplating a sale of the business, you have two options: a stock sale or an asset sale. The main reason that one would choose one over the other are tax considerations. Normally, buyers want to buy assets and sellers...
Inflation Reduction Act’s Overview
The recently enacted Inflation Reduction Act of 2022 contains several new environment-related tax credits that are of interest to individuals and small businesses. The Act also ex-tends and modifies some preexisting credits. The Act increases the credit for specified...
Pitfalls of Estimated Tax Payments
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 and failing to adhere to the rules associated with estimates, payments...
Articles
Pitfalls of Estimated Tax Payments
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 and failing to adhere to the rules associated with estimates, payments...
Pass-Through Deduction for Qualified Business Income (QBI) Under Code SEC. 199A.
The pass-through deduction is available to owners of sole proprietor-ships, single member limited liability companies (LLCs), partnerships, and S corporations. The deduction may also be taken by trusts and estates. The deduction is intended to reduce the tax rate on...
Compensatory Stock Options
There are two kinds of options-statutory and nonstatutory. “Incentive stock options,” or ISOs, as they’re commonly known, are statutory options, because they’re specifically provided for in the Internal Revenue Code and are subject to numerous qualification...
S Corporation Versus C Corporation
To be an S Corporation or not to be an S Corporation that is the question: You have formed a new corporation and you are wondering if you should make an S Election to treat the newly formed corporation as a small business corporation pursuant to subsection “S” of the...