Tag: Small Business Tax

The IRS is increasing its audit efforts, focusing primarily on large businesses and high-income individuals. By 2026, it plans to almost triple its audit rates for large corporations with assets

Does your business require real estate for its operations? Or do you hold property titled under your business’ name? If that’s the case, it may be worth considering this strategy.

Employee health coverage is a significant part of many organizations’ benefits packages. However, when offering health insurance, the administrative responsibilities that accompany it can be complex. One crucial aspect is

Here are key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. It’s important to note that this list isn’t all-inclusive, so there may be additional

When drafting partnership and LLC operating agreements, numerous tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are

With Labor Day behind us, it’s time to take proactive year-end tax planning steps that may help reduce your small business’ taxes for this year and next. The strategy of

A key decision for any business is choosing the right business entity type. The entity you pick can affect your tax bill, your personal liability, and other issues. For many

Partnerships and multi-member LLCs are often used for business and investment activities because they offer tax advantages, specifically with pass-through taxation. However, they also must follow some special and sometimes

When it comes to deciding the method of accounting to use for tax purposes, your organization may have a choice between the cash or accrual method. The cash method often

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of