Should your company report tax positions taken (or to be taken) on tax returns before they’re resolved with the tax authorities? Here’s an overview of the accounting rules for uncertain tax positions under U.S. GAAP.
Tag: tax planning
Tax Updates and Strategies for a Recession
NOTE: This article was originally published in the February 2023 issue of TRENDreport. We had a good run while it lasted! Although not an ideal situation for real estate as interest rates rise to curb high inflation, there is always a silver lining. Tax strategies are like the cycles in the economy. We must adjust[ … ]
Reading the tea leaves: Potential tax legislation in the new Congress
With Republicans now in control of the U.S. House of Representatives, what’s the fate of prospective tax legislation in 2023?
Common accounting pitfalls for startups to avoid
Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting. Don’t let accounting mishaps derail your startup!
2023 Tax Calendar
Reference this tax calendar to learn the 2023 deadlines for various tax-related forms and payments.
2023 Q1 Tax Calendar: Key deadlines for businesses and other employees
Businesses face a variety of tax-related deadlines in the first quarter of 2023. Here are some of them.
Intangible assets: How must the costs incurred be capitalized?
Any transaction your business engages in involving intangible assets and their related costs should be analyzed to determine the tax implications. Here are the basic rules.
5 steps to take now to cut your 2022 tax liability
Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps.
Employers: In 2023, the Social Security wage base is going up
Business owners and their employees may not have to pay Social Security tax on ALL of their wages. Amounts above a certain threshold aren’t subject to Social Security tax. Here’s how the 2023 “wage base” will affect your payroll.
What do the 2023 cost-of-living adjustment numbers mean for you?
Don’t forget to factor 2023 cost-of-living adjustments into your year-end tax planning.
