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  • March 31, 2023
    • Uncategorized

    Choosing an entity for your business? How about an S corporation?

    If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of business for your new venture. Here are some of the reasons why. A big benefit of an S corporation over a partnership is that as S corporation
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  • March 29, 2023
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    Some taxpayers qualify for more favorable “head of household” tax filing status

    When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Filing a return as a head of household is more favorable than filing as a single taxpayer. For example, the 2023
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  • March 27, 2023
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    Demystifying deferred taxes

    Deferred taxes are a confusing topic — and the accounting rules for reporting these items often seem to defy the logic of real-world economics. Here’s a brief overview to help clarify matters. What are deferred taxes? Companies pay income tax on IRS-defined taxable income. On their Generally
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  • March 24, 2023
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    2023 Q2 tax calendar: Key deadlines for businesses and employers

    Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines
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  • March 22, 2023
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    Two important tax deadlines are coming up — and they don’t involve filing your 2022 tax return

    April 18 is the deadline for filing your 2022 tax return. But a couple of other tax deadlines are coming up in April and they’re important for certain taxpayers: Saturday, April 1 is the last day to begin receiving required minimum distributions (RMDs) from IRAs, 401(k)s and similar workplace
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  • March 20, 2023
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    Going green could save greenbacks and more

    Nowadays many businesses are looking for creative ways to cut costs and preserve profits. As a bonus, some profit-enhancement initiatives can also be good for the environment. Here are some eco-friendly moves that may enable your business to cut costs — as well as build revenue and long-term
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  • March 17, 2023
    • Uncategorized

    Changes in Sec. 174 make it a good time to review the R&E strategy of your business

    It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in the law have expired or will expire in the next few years. One provision that took effect last year was the end of current deductibility for research and
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  • March 15, 2023
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    The 2022 gift tax return deadline is coming up soon

    Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2022 gift tax return. And in some cases, even if it’s not required to file one, you may want to do so anyway. Filing requirements The annual
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  • March 13, 2023
    • Uncategorized

    Close-up on sources of substantive audit evidence

    Organizations that understand how auditors verify account balances and transactions can minimize disruptions during audit fieldwork and maximize the effectiveness of financial statement audits. Here’s a summary of the types of “substantive evidence” auditors gather to help them form opinions
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  • March 10, 2023
    • Uncategorized

    Protect the “ordinary and necessary” advertising expenses of your business

    Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction can help businesses cut their taxes. However, in order to be deductible, advertising and marketing expenses must be “ordinary
    READ MORE
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Recent Posts

  • Choosing an entity for your business? How about an S corporation?
  • Some taxpayers qualify for more favorable “head of household” tax filing status
  • Demystifying deferred taxes
  • 2023 Q2 tax calendar: Key deadlines for businesses and employers
  • Two important tax deadlines are coming up — and they don’t involve filing your 2022 tax return

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