Category: Business Tax
On December 22, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that promises to entirely change…
There is a lot of panics out there these days related to COVID-19. Businesses and individuals face lots of information related to tax relief and…
The corporate tax filing deadline for all types of companies is March 15th. Whether you are an S-Corporation, Partnership, you must file a…
Considering the new tax law cuts individual income taxes, which lowered rates and raised thresholds for nearly every tax bracket. This helps the…
According to the Internal Revenue Service, corporate officers are specifically included within the definition of employee for FICA (Federal Insurance…
1. Take Advantage of Bonus Depreciation
If you obtain a business property and place it into service after September 27, 2017, and before January 1,…
THE NEW CORPORATE TAX RATE IS LOWER — AND PERMANENT
The new corporate tax rate is 21 percent. And this change will live on past 2025, which is…
FICA Tax Rate Increase
The maximum amount of earnings subject to the Social Security payroll tax in 2018 will be increasing $1,500 from the…
No one wants to be audited by the IRS, and it is only natural to worry about it. Even if you think your tax return is pristine, gathering receipts is…
LLC vs. S Corp:
LLCs and S corps are, in many ways, very similar—they are both pass-through entities, meaning that income derived by both S…