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Latest Posts
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Cutoffs: When to report revenue and expenses
Does 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.
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Help ensure your partnership or LLC complies with tax law
Guaranteed 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.
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Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision
If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points.
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Restricted gifts: What to do when strings are attached
Most nonprofits won’t say “no” to restricted gifts, but these donations are harder to handle than unrestricted ones. To minimize risk, develop restricted gift policies and follow them.
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Business website expenses: How they’re handled for tax purposes
When developing your business’s website, how do you handle the expenses for tax purposes? Here are the basic rules.
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It’s time for your small business to think about year-end tax planning
We’ll be saying goodbye to 2024 in no time. Here are some year-end moves to consider that may help your small business save on taxes.
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Closing a business involves a number of tax responsibilities
If your business is closing, taxes are probably not on your mind but there are a number of tax responsibilities that must be met. Here’s a rundown of the basic rules.
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Are you liable for two additional taxes on your income?
Higher-income folks may be subject to a couple extra taxes, in addition to federal income tax. Here’s an explanation of the 3.8% net investment income tax and a 0.9% additional Medicare tax.