An overview of spousal liability concerns in the world of income tax.To be able to understand this concept better, we will create a scenario where we have imaginary characters. "For...
Posted by Flynn Financial Group Inc on 09/02/2020
The Tax Cuts and Jobs Act (TCJA) of 2017 reduced the federal income tax rate for C Corps to 21%, effective January 1, 2018. With this tax rate reduction, business owners can assess...
Posted by Carmen Garcia on 08/07/2020
Business owners must file their tax and send what is due to the IRS the same way individual taxpayers do it. Companies must pay taxes on their profit alongside withholding taxes from...
Posted by Tim Thompson CPA PLLC on 07/24/2020
What is Liquidation?Liquidating a business is the process by which business comes to an end and no longer exists. This can happen for several reasons and can be voluntary or involuntary....
Posted by Flynn Financial Group Inc on 07/09/2020
In the past couple of months, the entire world has taken a hit from the Novel coronavirus. Unfortunately, not only our health is affected, the economy and everything that has to do...
Posted by Advanced Accounting & Tax Planning on 06/22/2020
REIT or Real Estate Investment Trust is a hands-off opportunity to get property. You can decide if it is a good investment idea for retirement by understanding how it works What...
Posted by Advanced Accounting & Tax Planning on 06/10/2020
As a home business owner, you can make several tax deductions related to the cost of running your business, including expenses incurred to run your business from a home office. There...
Posted by Carmen Garcia on 05/17/2020
Most of the time, stockholders will only start their way out of the business until the stocks are ready for selling. But bear in mind that inadequate planning at the present may lead...
Posted by A+ Income Taxes on 04/03/2020
The rise of online and discount brokerages is making people interested in trading and the stock market. However, taking advantage of the various strategies on asset protection and...
