Our March client in the spotlight is Instelite, an organic Instagram marketing solution which gets your Instagram account real followers using social media marketing tools, and managed Instagram marketing services. Instelite assists entrepreneurs, service professionals and business owners struggling with social media and brand development. Their clients include E-commerce stores, athletes, entertainers, real estate brokers,...
Congress was not too distracted by impeachment to pull together last-minute legislation for a year-end appropriations measure which included extensions of numerous tax provisions that had already expired or were about to. In a last-minute deal right before Christmas, Congress agreed to revive the expiring tax breaks below, including many that have been gone for...
The reasonableness of shareholder and employee compensation is an important though often controversial income tax consideration for closely held corporations such as either a C corporation or an S corporation. When excessive amounts of compensation and benefits are provided to an individual, the IRS will treat the excess as dividends. This can result in double...
Even though mid-December is upon us, there are several tax planning opportunities still available to reduce a business’s 2019 federal income tax bill, if you act NOW! Defer Income - C corps enjoy a flat 21% statutory tax rate and pass-through entities are now taxed at lower rates, still income deferral remains an important tool in...
The IRS recently announced its yearly tax inflation adjustments for 2020. These are the numbers for the tax year 2020 beginning January 1, 2020, that you'll use to prepare your 2020 tax returns in 2021. The income tax brackets, standard deduction amounts, and other tax items adjusted annually for cost-of-living increases of most interest to our clients are...
