December Client Bulletin
December’s newsletter is all about year-end tax cutting ideas, tax surprises to watch out for, and ingredients of successful business partnerships.
small business
January Client Bulletin
January’s newsletter includes several tips to help you plan for tax filing season, save for retirement and improve your financial health in 2022.
Recap of The House Ways and Means Committee’s Recent Tax Proposal
During the week of September 13th, the House Ways and Means Committee issued a tax proposal involving rather expansive changes to the Code in terms of increased tax rates primarily aimed at high-net-worth taxpayers and corporations. Learn more in this article.
New York Pass Through Entity Tax Update & How to Actually Make the Election
New York state has finally answered our questions regarding the new Pass Through Entity Tax (i.e. the SALT workaround), which can help you decrease your tax bill. The election to opt in to this new tax must be made by October 15th, 2021. This article will walk you through exactly how to make the election on the NYS website.
July Client Bulletin
Included in this month’s newsletter are several ideas to help you reduce your tax bill.
July Client Bulletin
Remember, July 15 is now the tax filing due date because of the pandemic! It also means you may have a tax payment due on or before July 15. And if you have not yet received your federal stimulus check, this month’s newsletter tells you what you should do.
How Much of Your PPP Loan is Forgiveable?
In this article we take a look at what we know (and some of what we don’t know) about how forgiveness will be calculated. If you received PPP funding and want to make sure your spending aligns with your strategy for forgiveness, give us a call!
April Client Bulletin
The IRS rolled out deadline extensions and new programs to help individuals and businesses navigate the COVID-19 pandemic. A recap of these announcements is included in this newsletter for your review.
Three Things Small Business Owners Should Do Today to Take Advantage of the CARES Act
There has been a lot of information for small business owners to digest in the past few weeks regarding Federal programs to help businesses during the COVID pandemic, and that’s on top of everything business owners are already doing to keep their companies afloat. Here are TWO STEPS that you should take today to get your company a piece of the stimulus package provided by the CARES Act.
When to Have Your LLC Taxed as an S-Corp
When is the right time to have your small business taxed as an S-Corp? We look at some the pros and cons to consider when weighing this change.