Selling Mutual Fund Shares: What Are the Tax Implications?
Selling mutual fund shares involves many complex factors. Here are the basic rules. Continue Reading Selling Mutual Fund Shares: What Are the Tax Implications?
Selling mutual fund shares involves many complex factors. Here are the basic rules. Continue Reading Selling Mutual Fund Shares: What Are the Tax Implications?
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. Continue Reading The Tax Rules of Renting Out Your Vacation Property
If your business doesn’t already have a retirement plan, now might be a good time to establish one. Continue Reading Establish a Tax-Favored Retirement Plan
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
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
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
Learn how to deduct 100% of the cost of items as bonus depreciation. Continue Reading Small businesses: There still may be time to cut your 2021 taxes
To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Continue Reading 2022 Tax Calendar
Businesses must keep records of their income and expenses. Carefully record them in order to claim the full amount of tax deductions to which you’re entitled. Continue Reading Keeping Meticulous Records is the Key to Tax Deductions and Painless IRS Audits
Advantages of keeping your business separate from its real estate
/in Tax/by KKB CPAsIt may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t always advisable. Here’s a look at the issues. Continue Reading Advantages of keeping your business separate from its real estate
Cutoffs: When to report revenue and expenses
/in Tax/by KKB CPAsDoes your company follow the cutoff rules? Loose interpretation of the accounting rules can lead to errors and unexpected audit adjustments. Here’s how to get it right. Continue Reading Cutoffs: When to report revenue and expenses
Help ensure your partnership or LLC complies with tax law
/in Tax/by KKB CPAsGuaranteed payments to partners and payments to retired partners are just two of the tax issues that should be addressed in your partnership (or LLC operating) agreement. Here are the details. Continue Reading Help ensure your partnership or LLC complies with tax law