by LeAnne Perkowski | Feb 11, 2019 | Melinda's blog
Many owners of private companies have been leery of operating as a regular C corporation. If you make that choice, you will be exposed to double-taxation of business income. First, a corporate income tax applies to the company’s profits. Second, any dividends that...
by LeAnne Perkowski | Feb 5, 2019 | Melinda's blog
February 15 All businesses. Give annual information statements (Forms 1099) to recipients of certain payments you made during 2018. Payments that are covered include (1) amounts paid in real estate transactions;(2) amounts paid in broker and barter exchange...
by LeAnne Perkowski | Jan 30, 2019 | Melinda's blog
From Melinda May, CPA | Featherstone February 15 All businesses. Give annual information statements (Forms 1099) to recipients of certain payments you made during 2018. Payments that are covered include (1) amounts paid in real estate transactions,(2) amounts paid in...
by LeAnne Perkowski | Jan 17, 2019 | Melinda's blog
From Melinda May, CPA | Featherstone The Tax Cuts and Jobs Act (TCJA) of 2017 generally disallowed all deductions for business entertainment, amusement, and recreation (see the May 2018 CPA Client Bulletin). However, the TCJA did not specifically turn thumbs up or...
by LeAnne Perkowski | Jan 3, 2019 | Melinda's blog
From Melinda May, CPA | Featherstone Double (and triple) IRA season is here The start of each year might be considered “Double IRA” season. Until mid-April (the 15th, in 2019), you still can make contributions to an IRA for 2018, if you have funds you’d like to save...
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