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Topic: Tax

Driving Innovation and Investments With R&D Tax Credits
By Joe Burwick, CPA on June 17, 2021

As a business owner, you recognize the importance of continuous investment in your business to stay ahead of the competition. But, as the business landscape becomes increasingly...

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Executive Order – Deferral of Employee Social Security Tax on Wages
By Richard J. Wright, Jr. CPA on August 13, 2020

This past weekend President Trump issued an Executive Order directing the Treasury Secretary to use his authority to defer the withholding, deposit and payment of the employee’s share of...

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IRS Proposes Form 1065 Schedule K-2 and K-3 to Improve International Reports for Partnerships

Intention: more closely align info partnerships report to partners with forms that partners use The IRS is in the process of redesigning the U.S. tax return for partnerships in order to...

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IRS Heightens Focus on Tax Liabilities of S Corporations
By Mike VanRemmen, CPA on January 20, 2020

One outcome of the Tax Cuts and Jobs Act (TCJA) is the increased scrutiny by the IRS of S corporations and their shareholders with regard to certain tax liability issues. Specifically, the...

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Guide to 2019 Year-End Tax Planning
By Bill Iannarelli, CPA on December 16, 2019

The Tax Cuts and Jobs Act (TCJA) of 2017 reduced tax rates for most individuals, introduced a new deduction for owners of sole proprietorships and pass-through entities, increased the...

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Trust Residency Rules: Supreme Court Limits State Ability to Tax Trust Income

Trust Residency Rules: Supreme Court Limits State Ability to Tax Trust Income The U.S. Supreme Court has ruled against a North Carolina law that attempted to collect income tax from a...

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