Author: tricia

After months of the Federal Reserve Bank hiking interest rates to tame inflation and cool down the Labor Markets, unemployment rates fell to 3.5%. The rate for the prior month…

After years of jobs being sent overseas to countries like China with inexpensive labor, the U.S. is on track to bring 350K of those jobs back home this year. That's…

The Coronavirus Aid, Relief, and Economic Security Act fixes a defect in the tax rules for deductions of qualified improvement property (also known as QIP). The new CARES Act provision…

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a powerful tool for the country's economic recovery. The law was signed into effect on March 27 to provide short-term…

When preparing consolidated tax returns and reporting within the privately-held business group, particular considerations need to be considered. The focus in this article will be on your midsized client's business…

The future of federal payroll tax deferral is an issue that has generated much debate in recent months, with both sides loudly contesting the other's claims. Under an executive order…

The distribution of profits and earnings within a corporation is often taxable, but some exceptions exist. If a C corporation has accumulated current revenues and profits, then it's important to…

If it meets the IRS' requirements, LLCs have the option to operate as either a C Corporation or S Corporations, which means they can take advantage of different tax strategies.…

With COVID-19 being such a disruptive event, it is difficult for business owners and tax advisors to plan further ahead. The details of an exit plan are essential for any…

It is essential to understand the tax obligations of both employers and employees. Employers generally must pay their share for certain federal payroll taxes, including FICA--the Federal Insurance Contribution Act…