There were a lot of provisions to the reform bill or Tax Cuts and Jobs Acts recently, reducing taxes for most business such as a change on corporate tax rate cut from 35% to 21% and...
Posted by Foudy CPA Group,PC on 04/12/2018
While your accountant may be in-the-know, much remains to be seen by the majority of Americans in relation to recent tax reform by the Trump administration. Existing tax structures...
Posted by David Yeomans Accounting Service, Inc. on 03/23/2018
A Limited Liability Company (LLC) is not recognized by the IRS and is not a separate entity. The IRS calls it a “pass-through entity” because its profits and losses are...
Posted by US and International Business Services on 03/08/2018
Everyone likes taking deductions on their taxes. These tax breaks are critical for lowering what you owe every year and the more deductions you can claim, the less you'll have...
Posted by Abundant Returns Tax Service on 03/05/2018
There has been a lot of movement in the Tax Cuts and Jobs Act lately, however, one of the most significant tax reforms introduced is the tax law related to pass-through businesses....
Posted by rinehimerbaker on 03/01/2018
Small business owners or partners in a business are required to pay taxes on their business income. Called estimated taxes, these are paid when you pay personal taxes in a process...
Posted by Omni Fidelity Associates on 02/12/2018
January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...
Posted by Riesenbeck Financial Group Inc. on 01/20/2018
The biggest news about the Tax Cuts & Jobs Act (TCJA) that was recently passed by the U.S. Congress is that it has special deductions for business owners. If you have a partnership,...
Posted by Flynn Financial Group Inc on 01/11/2018
7 . 2 . 1 (a)In general, the net business profits of a non-resident carrying on business or any other income generating activities in Canada are subject to the income tax imposed under...
Posted by The Accounting and Tax on 08/31/2017
