Real Estate & QBI Deduction
How Will The Government Shutdown Impact Taxes?
How the New Tax Law Changes Affect Individuals
Businesses: Get Accounting Advice Before Year End
Women-Owned Small Business and Government Contracting
What You Need to Know About Government Contract Accounting
What You Need to Know About Net Operating Loss Tax Changes
The 2018 tax reform made many good changes in the tax law for the small-business owner. But the changes to the net operating loss (NOL) deduction rules are not necessarily in the good-changes category. They are designed to put money in the IRS’s pocket. OLD Net Operating Loss Rules You have an NOL when your […]
How Will Recent Tax Law Changes Affect Your 2018 Return?
Qualitax Becomes Emerald Financial Partners
Good News for S-Corps
Tax reform gives you a new 20% Section 199A deduction on pass-through income. But be aware the IRS requires that you pay yourself “reasonable compensation.” If you don’t, you can torpedo your deductions and be forced to pay extra taxes and penalties. Here are 3 tips: Reasonable Compensation. Paying yourself “reasonable compensation” is so important. […]