There is an unbelievable number of companies across a wide array of industries, which may lead you to believe that the creation of a succession plan must be a unique […]
Category: Small Business
Business Owners May Face Special Compensation Rules
S corporations allow the business to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. But with those great advantages come many rules, including […]
Deciding Whether Contractors Can Claim R&D Benefits
Of particular relevance to contractors is the research and development tax credit, which is a tax incentive program. Also known as the research and experimentation tax credit or the research […]
What’s the Latest on the Federal Excise Tax?
The IRS explains that the excise tax is an indirect tax on specific goods, services, and activities. The federal government typically imposes an excise tax on the sale of things […]
What To Know About the New Lease Accounting Standard ASC 842
Every day that passes marks less time for private companies to get ready for ASC 842, the new lease accounting standard. Private companies will have to comply with this standard […]