Category Archives: Corporate Taxes

Reminder for New Tax Return Due Dates, Other Tax Reform Changes

Due dates changed for partnerships, C corporations and several other business returns last year. For calendar-year S corporations and partnerships, the filing date is March 15 and is April 15 for C corporations. The date for fiscal year C corporations … Continue reading

Posted in Compliance, Corporate Taxes, Health Care, IRS, Personal Taxes, Planning Strategies, Self-Employed, Small Business, Tax Law Changes, Tax Tips, Taxes, Year End | Tagged , , , , , , , , | Leave a comment

IRS Issues Standard Mileage Rates for 2019

The following article was published by the IRS. The Internal Revenue Service has issued the 2019 optional standard mileage rates used to  calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. … Continue reading

Posted in Charitable Organizations, Corporate Taxes, IRS, Non Profits, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Tips, Taxes | Tagged , , , , , , , , | Leave a comment

Year End: Tax Planning Considerations for Businesses & Business Owners

The tips below were included in our 2018 Year-End Business Client Guide. Tip #1 – For tax years beginning after 2017, taxpayers other than corporations may be entitled to a deduction of up to 20% of their qualified business income. … Continue reading

Posted in Corporate Taxes, IRS, Planning Strategies, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Tips, Taxes, Year End | Tagged , , , , , , , , , , , , | Leave a comment

Tax Cuts and Jobs Act (TCJA)

The TCJA was signed into law at the end of 2017. The IRS has been working throughout 2018 on this major piece of tax legislation, issuing proposed regulations, notices, memos, FAQs and more to help businesses make sense of all … Continue reading

Posted in Corporate Taxes, IRS, Planning Strategies, Self-Employed, Small Business Association (SBA), Tax Credits, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes, Year End | Tagged , , , , , , , , | Leave a comment

Small Business Owners, Self-Employed Should Plan Now for New Changes

The following article was published by the IRS. Before the end of the year, small business owners should become familiar with how the new tax law changes may affect them. The Tax Cuts and Jobs Act, passed in December 2017, … Continue reading

Posted in Corporate Taxes, IRS, Planning Strategies, Self-Employed, Tax Credits, Tax Deductions, Tax Law Changes, Tax Tips, Taxes, Year End | Tagged , , , , , , | Leave a comment

IRS provides certain small employers with relief for the small business health care tax credit for 2017 and later years

The following article was published by the IRS. The Internal Revenue Service recently issued guidance that provides relief for certain small employers that wish to claim the Small Business Health Care Tax Credit for 2017 and later years. The Small … Continue reading

Posted in Corporate Taxes, Health Care, Planning Strategies, Tax Credits, Tax Tips | Tagged , , ,

Four Things to Know about Taxes and Starting a Business

The following article was published by the IRS. New business owners have tax-related things to do before launching their companies. IRS.gov has resources to help. Here are some items to consider before scheduling a ribbon-cutting event. Choose a business structure … Continue reading

Posted in Compliance, Corporate Taxes, IRS, Limited Liability Company (LLC), Planning Strategies, Tax Tips | Tagged , , , ,