Important Income Tax Deadlines for 2020

Income Tax Deadlines for Individuals and Businesses in the U.S. Tax season is here again as the Internal Revenue Service (IRS) officially began processing tax returns on January 27, 2020. If you haven’t already started, you will soon be joining...

Continue reading →

Business Tax Planning For 2017 Tax Reform

Major tax reform legislation was signed into law late last year and resulted in sweeping changes to the tax code for the first time in about 30 years. Businesses should be aware of the provisions that have changed and...

Continue reading →

Boston Bruins Victorious….in U.S. Tax Court

Entertainment Industry Deductions Wins. The Boston Bruins of the National Hockey League lost in the first round of the 2017 Stanley Cup playoffs, but subsequently scored a legal victory in U.S. Tax Court. The Bruins’ Tax Court victory doesn’t count...

Continue reading →

Health Insurance Legislation

Small businesses that reimburse employees for the cost of premiums for individual health insurance policies or pay their health costs directly will be fined up to $36,500 a year per employee under a new Internal Revenue Service regulation that...

Continue reading →

Business Entity Formation – What is the Right Strategy for Your New Company?

  Starting a new business is exciting, but it requires many important decisions. One of the earliest and most crucial decisions is what type of business entity to form. Your choice of business entity provides structure and a framework for...

Continue reading →

Business Succession – What’s Your Exit Strategy?

  Business succession – what happens to your business once you no longer choose to or are able to run it – is one of the most important and often overlooked issues small business owners face. As you launch your...

Continue reading →