When something changes in business, the logistics and operational departments are often the first to know, but what about the accountants? It can be hard to know exactly what your
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so
Although many believe that services are exempt from sales and use tax, only a few states exempt all services. On the other hand, only a few states actually tax all
If your cooperative is taxed as a corporation and has had losses in past years or may have them in the future the rules have changed for how those losses
Recordkeeping is an important part of running any small business. In fact, keeping good records helps business owners make sure their business stays successful. Good recordkeeping is the key to
In response to a renewed IRS focus on S Corporation shareholder basis issues, the IRS has developed a new tax Form 7203 that certain shareholders must include with their 2021
Effective for tax years beginning in 2021, the IRS will generally require new Schedules K-2 and K-3 for persons filing Forms 1065, 8865, and 1120-S. Partnerships/LLCs and S corporations are
Have you been thinking of selling a property that is used for business or held as an investment, but do not want to pay the capital gains tax created from
With the holiday season approaching employers may desire to reward their employees with a little something extra in their stockings also referred to as a fringe benefit. Consideration for the