Business Tax Articles
Q3 Tax Deadlines for Business Owners
Posted by Emily Isaacson on June 24, 2024
We outline important third quarter tax filing dates, including July 15, July 31, and September 16.
Understanding Corporate Estimated Tax Payments
Posted by Amanda Ornowski on June 10, 2024
To avoid penalties on your next quarterly estimated tax payment, your business should aim to pay the minimum required estimated tax using one of four methods: the current year method, the preceding year method, the annualized income method, or the seasonal income method.
Is Switching Your Business from a C to an S Corporation a Good Idea?
Posted by Kerry Roets on May 27, 2024
For business owners contemplating a transition from a C corporation to an S corporation, it’s important to be aware of the tax implications that could arise. Here are four key tax considerations to keep in mind during the conversion process.
Strategic Tax Considerations for Business Acquisitions
Posted by Cory Van Deusen V on May 20, 2024
When acquiring a business, it’s crucial to consider the tax implications of the transaction’s structure. Proper planning can optimize tax outcomes post-acquisition.
How to Use Debt to Lower Taxes for a C Corporation
Posted by Brian Kern on May 13, 2024
For closely held C corporation shareholders, incorporating third-party or owner debt into your capital can be tax-efficient due to lower income tax rates and avoiding double taxation on dividends. Consult with us for tailored advice.
Deducting Partnership Business Expenses
Posted by Kerry Roets on April 29, 2024
Partnership owners may incur costs associated with client entertainment, transportation for meetings, professional development materials, and home office expenses. How are these expenses deducted?
Adopt a Divergent Strategy Regarding Income and Deductions
Posted by Michē Needham on April 22, 2024
Businesses usually try to delay taxable income and speed up deductions. Sometimes, the reverse strategy is better.
Choosing the Right Business Structure - An S Corporation or an LLC?
Posted by Hayden Coll on March 26, 2024
Choose between an S corporation or LLC for your business based on various factors and tax advice. Our team can guide you.
2023 Year-End Tax Planning Guide - Corporate and M&A
Posted by Cory Van Deusen V on March 22, 2024
Corporations face a variety of unique tax rules and challenges - consider these key developments as corporations close tax year 2023 and begin 2024.
2023 Year-End Tax Planning Guide - Tax Accounting Methods
Posted by Cheryl A. Jankowski on March 15, 2024
A taxpayer’s tax accounting methods determine when income is recognized and costs are deducted for income tax purposes. Many method changes require an application be filed with the IRS prior to the end of the year for which the change is requested.