Aug 15, 2023 | Business Planning, Closely Held Business, Tax News
Starting on Jan. 1, 2024, some companies will have to report certain information about their ownership. Which companies and which information? That’s where it can get confusing. You have to delve into the Corporate Transparency Act (CTA). According to the...
Jun 27, 2023 | Business Planning, Closely Held Business
Once you’ve become comfortable with the idea that you want your business to continue after you’re no longer around, you must plan for succession in order for it to become a reality. How do you start? Find a successor. If you have a family member who you think is up to...
May 16, 2023 | Business Planning, Closely Held Business
When setting up your business, you will need to establish your company under one of many business structures. The business structure you choose will influence everything. From your day-to-day operations and taxes to how much of your personal assets are at risk and...
Apr 25, 2023 | Business Planning, Closely Held Business, Tax News
Are you working on this year’s tax return or planning for the future? Either way, you should know the rules on business travel tax deductions. According to the IRS, whether someone travels for work once a year or once a month, figuring out travel expense tax...
Apr 18, 2023 | Business Planning, Closely Held Business
Are you worried about the likelihood of your business being audited by the IRS? If so, there are a lot of preventive red flags that you can keep an eye out for when looking to protect your business from being the focus of an audit. Inaccurately reporting your annual...
Apr 6, 2023 | Business Planning, Closely Held Business, Tax News
In alignment with IRS requirements, there are certain businesses that must file Schedule K-2 and Schedule K-3. Ultimately, any pass-through entities that have relevant international income, deductions, credits or other miscellaneous items must submit completed...
