Starting with the 2022 tax year, filing and receiving 1099-K forms will be much more complicated for many businesses and self-employed individuals.
Arizona Poised to Move to a Flat Tax Rate
Arizona is moving towards a flat income tax rate. Here’s what you need to know.
The tax mechanics involved in the sale of trade or business property
The tax treatment of the sale of business assets can be complex. Here’s an overview.
Tax considerations when adding a new partner at your business
If you’re looking for a new partner to add to your partnership, you may think the hard part is over once you find the right person. But there may be tax challenges ahead.
Tax issues to assess when converting from a C corporation to an S corporation
If your business operates as a C corporation, you may save tax by becoming an S corporation. Here’s a rundown of four issues to consider when converting from C corporation to S corporation status.
Fully deduct business meals this year
Wining and dining customers and employees can result in tax deductions and for 2022, the write-offs are bigger than usual.
2022 Q2 tax calendar: Key deadlines for businesses and other employers
Does this year’s April 18 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2022?
Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions
The best tax planning actions for your business partially depend on whether you expect federal income tax rates to go up, go down or stay the same in the future. Here are some ideas if you think rates could go up.
The IRS again eases Schedules K-2 and K-3 filing requirements for 2021
The IRS is providing penalty relief for certain pass-through entities required to file Schedules K-2 and K-3 for 2021.
The election to apply the research tax credit against payroll taxes
Does your startup business have little or no income tax liability? You may be eligible for a payroll tax credit election for increasing research activities.
