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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.

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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...

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...