Dear client, In case you missed it, Nebraska’s Legislative Bill 754 had large Pass-Through-Entity Tax law updates. What is PTET? PTET laws allow these entities to elect to pay tax at the entity level, shifting the tax liability
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Annual Meetings Corporations are required to have annual meetings. LLCs (limited liability companies) can, and should have annual meetings. During those meetings, you and your directors or officers should ratify decisions made during the year. Some of the
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Dear client, The extension deadline for 2022 returns is approaching. This applies to any person or business who has yet to file a return for tax year 22. The deadline date for business returns is September 15th, 2023.
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So you saw online about the 𝐀𝐮𝐠𝐮𝐬𝐭𝐚 𝐫𝐮𝐥𝐞? (e.g., renting your home to your business and taking it as a business deduction but without paying tax on the rental income). Remember this: – You’re limited to 14 days
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If you own a business and have employees, then you are familiar with payroll and the payroll tax the IRS collects. As the employer, you are responsible for withholding certain taxes from your employees’ wages each pay period
Read MoreLet’s talk about tax credits – what they are, how they differ from deductions, and which can benefit your small business. What are tax credits? A tax credit is a dollar-for-dollar reduction of one’s tax liability, reducing the
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