Blog

John Csargo | Jul. 25, 2018

Adopt a More Favorable Accounting Method

Time to consider a new accounting method? The cash method of accounting, which allows you to recognize sales when cash…

Barb Sawdy | Jul. 19, 2018

Three Keys to a Successful Accounting System Upgrade

Technology is tricky. Much of today’s software is engineered so well that it will perform adequately for years. But new…

John Csargo | Jul. 13, 2018

Watch out for New Business Interest Expense Limit

Regardless of its form, every business will be subject to a net interest expense disallowance. Starting in 2018, net interest…

John Csargo | Jul. 12, 2018

Maximize Your Qualified Business Income Deduction

One of the most significant provisions is the new deduction for qualified business income which can be income from a…

Randy Feld | Jul. 9, 2018

Is Managing Your Inventory Getting the Best of You?

On one level, every company’s inventory is a carefully curated collection of inanimate objects ready for sale. But, on another,…

Drew Wolf | Jul. 2, 2018

Claiming the Child Tax Credit is Gonna Get Easier

I love my dog, Shea. I think of her as my child, but she has never given me any tax…

Chris Wittich | Jun. 26, 2018

Repatriation Toll Charge

If you own part of a foreign corporation you should read this all the way to the end.  If you…

Chris Wittich | Jun. 26, 2018

Streamlined Disclosure Program Ending

My favorite IRS program – the Streamlined Disclosure Program – is going away September 28th so I had to write…

Barb Sawdy | Jun. 23, 2018

Sales Tax Ruling June 2018

The Supreme Court ruled June 21, 2018 on a sales tax case that removed the physical presence standard that has…

Randy Feld | Jun. 20, 2018

Best Practices on Extending Customer Credit

Funny thing about customers: They can keep you in business — but they can also put you out of it.…

Chris Wittich | Jun. 19, 2018

Tax Tip – Foreign Earned Income

Randy Feld | Jun. 13, 2018

Midyear Business Review Should Go Beyond Financials

Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably…

John Csargo | Jun. 7, 2018

Could a Long-Term Deal Ease Your Succession Planning Woes?

Some business owners — particularly those who founded their companies — may find it hard to give up control to…

John Csargo | Jun. 5, 2018

Federal Tax Reform Highlights for Businesses

The federal tax reform highlights affecting businesses include a flat rate for c corporations, new limits in business loss deductions,…

John Csargo | Jun. 5, 2018

Federal Tax Reform Highlights for Individuals

Highlights of the federal tax reform affecting individuals includes lower individual rates, and changes to the standard deduction, exemptions, medical…