By Brett W. Neate, CPA, MTax
Senior Tax Manager
New Income Tax Reductions for Ohio Business Owners
Ohio business owners , Taxes - Corporate & Business , Taxes - Planning, Rules and Returns
The Supreme Court Ruling on ACA Subsidies: What does this mean?
Affordable Care Act , Taxes - Corporate & Business , Taxes - Planning, Rules and Returns
With the ACA subsidy access remaining available in all states, does this affect you or your business?
On June 25th The United States Supreme Court issued their ruling on the King vs. Burwell case, upholding the government subsidies as provided in the Affordable Care Act (ACA). This case was based on wording in the ACA that could be interpreted two ways.
Mandatory Filing Now Required for U.S. Owners of Foreign Entities
foreign assets , owners of foreign entities , Taxes - Corporate & Business , Taxes - Planning, Rules and Returns
The Department of Commerce has introduced a new form that is required to be filed by U.S. owners of foreign entities. The new form BE-10 is filed through the Bureau of Economic Analysis (BEA). The BE-10 is an annual survey which, up until recently, was only mandatory if the U.S. owner was contacted directly by the BEA.
Reasonable Compensation for Shareholders of Corporations
Taxes - Corporate & Business , Taxes - Planning, Rules and Returns
Whether you operate your business in a C corporation or an S corporation, the matter of “reasonable compensation” is an important topic to discuss with your tax practitioner. There are key differences in how “reasonable compensation” is defined in connection with the two types of corporations.
C Corporation
Selling a Business: Personal Goodwill vs. Business Goodwill
capital gains , Taxes - Corporate & Business , Taxes - Planning, Rules and Returns , Business - Management, Issues & ConcernsSelling a business is a complicated transaction. The long list of business and personal issues that need to be considered is extensive and at times, confusing. Usually at the top of the list is the tax the seller will pay when the business sells. When selling a business, properly structuring the transaction will minimize taxes owed; ordinary tax rates for corporations are 21% and capital gains tax rates range from 15% to 20%.
Electronic Delivery of K-1s to Partners and Members
LLC , partnerships , electronic filing , K-1 , Taxes - Corporate & Business , Taxes - Planning, Rules and ReturnsPosted by: Howard Kass, CPA, CGMA, AEP®
Notice to All Business Owners
tangible property , Taxes - Corporate & Business , Taxes - Planning, Rules and ReturnsPosted by: Howard Kass, CPA, AEP®
Windfalls: Be Prepared
withholding , gift tax , Taxes - Corporate & Business , Taxes - Planning, Rules and ReturnsPosted by: Michael Hermes, Tax Senior
Have Nagging Financial Questions?
