The TCJA that was passed in 2017 significantly reduced the corporate tax rate and introduced the Qualified Business Income Deduction (QBID).The QBI deduction makes it possible to reduce...
Posted by Elliot Kravitz, ATP on 11/24/2020
Congress passed major tax reform in the Tax Cuts, and Jobs Act passed on December 22, 2017. This legislation, which affects individuals and businesses, is known as the TCJA or Reform...
Posted by BEST FINANCIAL GROUP LTD on 11/17/2020
There are many different expenses that small businesses are allowed to deduct on their annual tax returns. These deductions vary from business to business; however, the standard deductions...
Posted by Abundant Wealth Planning LLC on 09/28/2020
One of the more intricate provisions of the Tax Cuts and Jobs Act (TCJA) is the new limitation of business interest expenses. At first glance, this limitation seems simple, but the...
Posted by Taxes Made EZ Inc on 10/30/2020
When it comes to setting up a business, the entity you choose can make all the difference. While there are positives and negatives that come with each one, you will need to decide...
Posted by James Wells EA MBA Tax Office on 03/19/2016
A lot of businesses find the adjustment to business loss limitation confusing. We hope this article will help shed some light on what it entails.Exploring The Excess Business Loss...
Posted by ABLE Tax Resolution on 11/09/2020
A lot of people are still very confused and have little or no knowledge about S-Corporation. So it has become imperative to enlighten these people and set the record straight about...
Posted by Advantage Tax Services, Inc. on 02/25/2019
Many times when you are going to establish a new business, there is confusion. The confusion is nothing but about the type of business which you should get indulged in. There are different...
Posted by Advantage Tax Service on 05/22/2018
Are You Prepared for Your Small Business Taxes? Tips to Help You Save Many small business owners become frazzled around tax time and as the year comes to a close, they know it is...
Posted by Financial Balance LLC on 10/30/2015
