IRS Clarifies Gift Tax Rules for Trump Accounts
The Internal Revenue Service (IRS) and the U.S. Treasury Department have announced that contributions made to Trump Accounts will not require donors to file a
July 6, 2026
Be a Guest- America Through Fresh Eyes
Explore America with a Fresh Perspective It’s often said that travel is the only thing you buy that makes you richer. As accountants, we spend
June 29, 2026
Corporate Taxes
What is Beneficial Ownership Information Reporting?
I wanted to inform you about a new federal regulation that could impact you if you are a business owner. All companies, regardless of when
August 30, 2024
Corporate Taxes
Distributions vs. Reasonable Compensation
Taxpayers who fully own or partially own an S-Corp and work for the corporation have two ways of pulling money out of the corporation.
October 11, 2023
Corporate Taxes
Should I Incorporate as an S-Corp or an LLC?
There are many business entities that owners can consider when choosing to incorporate. The two most popular are Limited Liability Companies (LLCs) and Subchapter S
June 7, 2023
Corporate Taxes
1% Excise Tax on Corporate Stock Buyback
Stock buybacks are a common corporate strategy to boost stock prices and increase shareholder value. A significant amount of buybacks take place in the United
November 18, 2022
Corporate Taxes
Why You Need a Bookkeeper for Your Startup
Starting a business is a big undertaking. Though you may be tempted to do it all, there are many reasons hiring a bookkeeper at the
March 1, 2022
Changes for Small Business Taxes
Beginning in 2022, if you receive more than $600 in digital payments it must be reported to the IRS. These payments include apps such as
January 10, 2022
Corporate Taxes
130 countries commit to minimum corporate rate
Global tax reform: 130 countries commit to minimum corporate rate – The Guardian https://apple.news/AWCY7qky4QausRU0J6uo4iA
July 3, 2021