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Exit Planning And Your Taxes

Exit Planning And Your Taxes

Dec 3, 2018

Are you considering selling your business this year? What about in five years or in 10 years? Believe it or not, it can take a decade of solid planning to exit a business on top, at least when it comes to saving taxes. Business owners who skip exit planning often lose...

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Section 179 Or Bonus Depreciation?

Section 179 Or Bonus Depreciation?

Nov 13, 2018

Bonus depreciation rules now allow for 100% write-offs and are expanded to include big-ticket items like the purchase of used equipment. So is there any reason to expense these purchases as part of Section 179 deductions instead? Thomson Reuters Tax &...

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Small Businesses: Avoid Tax-Return Fraud This Year

Small Businesses: Avoid Tax-Return Fraud This Year

Nov 6, 2018

The IRS has seen an increase in corporate and small business tax-return fraud. From stolen employer identification numbers (EINs) to fake Schedule K-1s for S corporations, it’s important to be on the lookout for signs your business has been compromised. The most...

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