SALT Parity Act: What You Need to Know
Missouri recently enacted House Bill No. (HB) 2400, which includes a section called the “SALT Parity Act.” This Act allows pass-through entities (s-corporations and partnerships) to make an election to
Missouri recently enacted House Bill No. (HB) 2400, which includes a section called the “SALT Parity Act.” This Act allows pass-through entities (s-corporations and partnerships) to make an election to
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax
Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However, while they’re still a small percentage of the cars on
Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist, including advising you of the
If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who paid for the benefit? If the income
Although merger and acquisition activity has been down in 2022, according to various reports, there are still companies being bought and sold. If your business is considering merging with or
It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them in certain circumstances. Unfortunately, under current law, you may not be able
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide price of a gallon of unleaded regular gas