The credit for increasing research activities, often referred to as the research and development credit, is a valuable tax break for eligible businesses. Continue Reading The Election to Apply the Research Tax Credit Against Payroll Taxes
Is your board overlooking potential financial disasters? Continue Reading Your Nonprofit’s Board Needs to Know These Financial Warning Signs
California recently enacted Senate Bill 113 (SB 113), which made California’s new passthrough entity elective tax much more attractive for certain owners of S corporations, partnerships, and LLCs taxed as a partnership or an S corporation. Continue Reading California Expands Pass-Through Entity Tax Benefits
The first page of audited financial statements is the auditor’s report. Continue Reading 4 Levels of Audit Opinions
Many employees have been happy working from home during the pandemic, but some workers may have experienced feelings of disconnection and isolation. Continue Reading Keeping Your Nonprofit’s Remote Workers Connected
If you’re married, you may wonder if you should file joint or separate tax returns. Continue Reading Married Couples Filing Separate Tax Returns: Why Would They Do It?
Do you want to withdraw cash from your closely held corporation at a minimum tax cost? Continue Reading Making Withdrawals from Your Closely Held Corporation That Aren’t Taxed as Dividends
Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. Continue Reading Take Your Financial Statements to the Next Level
Audited financial statements contain footnotes that disclose information that’s vital to making well-informed lending and investing decisions. Continue Reading Audit Disclosures: Why the Fine Print is Important
Traditional and Roth IRAs can help you save for retirement on a tax-favored basis. Contributions to a traditional IRA reduce your current tax bill, if you’re eligible, and earnings are tax-deferred. Continue Reading The Ins and Outs of IRAs