How Small Business Owners Go Out of Business Three Pitfalls to Avoid For over 17 years, our firm has been working with entrepreneurs who start their own business. During the initial meeting with … [Read more...] about How Small Business Owners Go Out of Business
IRS Tax Planning Ideas, Tips & News
PA Aggressive Sales Tax Approach on Used Car Sales
PA Aggressive Sales Tax Approach on Private Used Car Sales Motor Vehicle Understated Value Program (MVUVP) It has come to our attention that individuals who are purchasing a vehicle in PA via a … [Read more...] about PA Aggressive Sales Tax Approach on Used Car Sales
What Type of Tax Preparer Are You Using?
What Type of Tax Preparer Are You Using? Tax professionals generally interact with the IRS in two ways. There are those who prepare tax returns, and those who represent the taxpayer before the IRS. … [Read more...] about What Type of Tax Preparer Are You Using?
Intent Is Not The Same As Being Engaged – What Constitutes a Trade or Business?
Intent Is Not The Same As Being Engaged What Constitutes a Trade or Business? A group of friends decided to start a business of flipping homes. Generally, the business model is to find a property … [Read more...] about Intent Is Not The Same As Being Engaged – What Constitutes a Trade or Business?
2017 Tax Cuts and Jobs Act Allows Certain Businesses a 20% Tax Deduction
Pass-Through Businesses May Receive 20 Percent Tax Deduction 2017 Tax Cuts and Jobs Act Allows Certain Businesses a 20% Tax Deduction The 2017 Tax Cuts and Jobs Act (TCJA) had several tax law … [Read more...] about 2017 Tax Cuts and Jobs Act Allows Certain Businesses a 20% Tax Deduction
2018 Home Office Deduction
2018 Home Office Deduction You Need to Understand 2018 Tax Law Changes The legal entity of the taxpayer is a determining factor when looking at the home office deduction. Employees: The 2017 … [Read more...] about 2018 Home Office Deduction
