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Do you owe estimated taxes? If so, when is the next one due?

Certain taxpayers generally must make quarterly estimated tax payments to avoid a penalty. Here are the rules, along with when the next payment is due.

If your business has co-owners, you probably need a buy-sell agreement

For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.

Consider borrowing from your corporation but structure the deal carefully

Closely held corporation owners: If you need money for personal expenses like a new car or home improvements, consider borrowing from the business. But follow these tips to avoid adverse tax consequences.

SECURE 2.0: Which provisions went into effect in 2024?

Now is the time to get up to speed on 2024 SECURE 2.0 changes. Here are several to consider.

Why audited financials matter

An external audit requires an investment of time and money. But the payoff can be significant when it comes to the long-term success of your business.

Figuring corporate estimated tax

An important deadline for quarterly federal estimated tax payments is coming up on June 17. Here are the methods for computing payments for corporations.

Thinking ahead to your next Form 990

You may be alert to such issues as unrelated business income, but the IRS requires nonprofits to report many activities on their Form 990. We suggest you keep four lesser-recognized issues in mind this year.

Tax tips when buying the assets of a business

When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or worse tax results after the acquisition.

Should you convert your business from a C to an S corporation?

There are several factors to consider when converting from a C corporation to an S corporation. Here are four of the tax issues you may face.

Insights

Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision

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If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points. Continue Reading Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision

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Restricted gifts: What to do when strings are attached

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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. Continue Reading Restricted gifts: What to do when strings are attached

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Business website expenses: How they’re handled for tax purposes

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When developing your business’s website, how do you handle the expenses for tax purposes? Here are the basic rules. Continue Reading Business website expenses: How they’re handled for tax purposes

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