Business & Self-Employed

Democrats efforts to raise corporate taxes. In changing the complicated corporate tax code, several members of Congress have had to rely on tax experts for advice on certain aspects of the tax code. Many parts of that code need revision, to stop C... Read More

Democrats want to raise corporate taxes. Democrats are looking for ways to pay for the massive $2 to $3 trillion dollar infrastructure plan, that President Biden is proposing. Several members of Congress have stated that they will only support the... Read More

Changes in offshore taxes for corporations. The political debate in the United States has shifted between the Democrats and Republicans lately. Under President Trump, running large deficits were frowned upon, but lately we are hearing how the Bide... Read More

IRS issues corporate alert. IRS officials issued an alert concerning amended returns and claims for the Domestic Production Deduction. This provision of tax law repealed as part of the Tax Cuts and Jobs Act for taxable years after December 31, 201... Read More

Simplified accounting for small business. The IRS  finalized updates to various accounting regulations to adopt the simplified tax accounting rules for small businesses enacted by the law known as the Tax cuts and Jobs Act, P.L. 115-97. The r... Read More

Simplified accounting rules for business. The IRS has finalized updates to various tax accounting regulations to adopt the simplified tax accounting rules for small business enacted by the tax law known as the Tax Cuts and Jobs Act. The Regulation... Read More

Calculating taxes for your business.  Tax liability is the amount of tax that you owe a particular tax authority. While the most common tax authority is the IRS, small businesses can also have a tax liability for other tax authorities including st... Read More

Tax tips for the solopreneur. As a solopreneur, you wear many hats: sometimes you are the manager, the human resource officer, the customer service representative, the accountant, the tax strategist and more. The number of hats you wear depends on... Read More

Small businesses and the PPP program. A recent IRS ruling tying up a loose end in the 2020 economic relief law could force many small businesses to pay taxes on government aid meant to help through the pandemic. The agency on November 18th said th... Read More

Business interest expense guidance. The IRS issued a long awaited package of guidance regarding the Section 163(j) limitation on business interest expense deductions. The guidance includes final and proposed regulations as well as a proposed reven... Read More