Commercial Tax Newsletter | October 2023
Commercial Tax Newsletter
October 2023
The month we help you prepare your business and get ready with the 4Q Tax Calendar, tax implications of a spouse owned businesses, Corporate Loans, and the best self-employed entity choice.
4th Quarter Tax Calendar for Businesses
In addition to year-end planning, there are several important dates to note in the 4th quarter of the year.
Tax Implications of Guaranteeing a Corporate Loan
Effective January 1, 2024, the SECURE Act 2.0 permits amendments to 401(k), 403(b), and 457(b) plans to offer participants access to emergency savings accounts.
Is an S corporation a Better Entity Choice for the Self Employed?
Self-employment taxes are higher than for those businesses that are incorporated. Consider an S corporation status for your business, it may prove to be advantageous.
Special Tax Strategies for Spouse Owned Businesses
Spouse-owned businesses need to be pay special attention to the tax compliance issues and consider the business tax status.