Choosing a business structure requires a calculation that balances tax and legal benefits with costs and time to set up. It is one of the most critical decisions you will make when...
Posted by Taxes Made EZ Inc on 02/12/2021
Filing requirements can go on and on, and nothing is more frustrating than paying a fine that could have been avoided.Take a few minutes to record all the relevant filing dates in...
Posted by Thomas G Kinsella, ATP on 01/30/2021
A business entity is an organization created to carry out business. The type of business entity determines how a company is taxed and its exposure to liabilities.SummaryA business...
Posted by Daniel P Vigilante CPA and Profit Consultants on 01/27/2021
If you look at the TCJA, you will see that the C Corps' new tax rate is 21%, while the maximum individual rate is 37%. Also, individuals can benefit from a 20% deduction for pass-through...
Posted by CORE PERFORMANCE on 01/14/2021
Estimated tax is the method some employers use to pay income taxes. When paying income taxes, there are two methods allowed by the IRS; the withholding method or, you guessed it, the...
Posted by Stevenson Tax and Accounting, Inc. on 12/22/2020
Also known as BEAT, Base Erosion and Anti-Abuse Tax is one of the reforms from TCJA (Tax Cuts and Job Act) that apply to some firms who offer "base erosion payments" paid...
Posted by Aurelia E Weems CPA on 12/15/2020
The IRS issued guidelines on September 1 (Notification 2020-69) that provide an exemption for S Corporation with AE&P (accumulated earnings and profits) after a C corporation...
Posted by BEST FINANCIAL GROUP LTD on 11/30/2020
The IRS has issued final regulations on qualifying terminated S corporations and cash distributions of such corporations after the PTTP (post-termination transition period). The final...
Posted by Aurelia E Weems CPA on 10/15/2020
Choosing the right type of entity is a multifaceted analysis. It necessarily depends on a variety of factors, including business objectives, type of business, desire for liquidity...
Posted by Unifirst Financial & Tax Consultants on 09/21/2020
