Oil & Gas Articles
Tax Impact of Selecting Business Entity Status
Posted by Kerry Roets on November 11, 2021
There are many factors to consider when choosing a business entity. Here are just a few.
New Business Travel Per-Diem Rates
Posted by Amanda Ornowski on October 14, 2021
The IRS has announced the special “per diem” rates that became effective Oct. 1, 2021. Here are the basics of these rates.
Debate Continues Over Proposed Tax Law Changes
Posted by Cheryl A. Jankowski on October 14, 2021
The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues negotiations. Here’s a list of the tax provisions that may affect you or your business.
Key Deadlines: 4th Quarter 2021 Calendar
Posted by Kristin Re’ on October 08, 2021
With fall foliage here in many areas, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2021 tax filing deadlines.
Large Cash Transactions Must Be Reported to the IRS
Posted by Jonathan Herdlein on August 16, 2021
Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IRS. Here are the rules.
SBA Streamlines Forgiveness for Smaller PPP Loans
Posted by Megan Morris-Smith on August 05, 2021
The SBA has eased the process of forgiving a PPP loan. Here’s how.
Is an LLC the Right Choice for your Business?
Posted by Amanda Ornowski on August 03, 2021
There are several options for operating your small business. For example, a sole proprietorship, an S corporation or a partnership. Take a look at why a limited liability company (LLC) might be right for you.
The Deductibility of Corporate Expenses Covered by Officers or Shareholders
Posted by Kevin Smeader on July 27, 2021
If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.
PPP Forgiveness and Repayment: Deadline Approaching
Posted by Megan Morris-Smith on July 26, 2021
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
Start Up Expenses and Your Tax Return
Posted by Cory Van Deusen V on July 22, 2021
Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launching a business, here’s how start-up expenses are treated on a federal tax return.