by GPwebsiteV3! | Jul 19, 2019 | Business, GP Articles
Shareholder basis reflects a shareholder’s post-tax economic investment in a corporation. Calculating correctly and in the proper order can be a challenge with a small business corporation (an S corporation), since items of income and loss pass through to the...
by GPwebsiteV3! | Jun 12, 2019 | Business, GP Articles
We keep hearing and reading about cloud computing in today’s business community. There’s also a growing interest in outsourced accounting. But what do these terms mean? They’re more than just new buzzwords to help you with the infamous buzzword bingo game. Business...
by GPwebsiteV3! | Feb 5, 2019 | Business, GP Articles, Tax Reform
Since the passage of the Tax Cuts & Jobs Act on December 22, 2017, we’ve had some time to digest this new law and analyze the effects this tax reform package will have on individuals and businesses. As we approach the upcoming tax filing season, it’s a good time...
by Anna Jones | May 7, 2018 | Business, IRS, Tax, Tips
Last week, the IRS highlighted resources for small business owners and the self-employed in honor of National Small Business Week. A few of the showcased tools included an IRS e-newsletter with small business tax tips, an online Small Business and Self-Employed Tax...
by GPwebsiteV3! | Mar 27, 2018 | Business, GP Articles, Tax, Tax Reform
In our earlier installment about How Tax Reform Affects Owners of Commercial Real Estate, we covered some of the basic changes to tax law brought about by the Tax Cuts and Jobs Act (TCJA), which is the most extensive piece of tax legislation in over 30 years. This...
by GPwebsiteV3! | Jan 10, 2018 | Business, GP Articles, Tax, Tax Reform
We discussed recently a brief overview of the new tax rate changes for both corporations and individuals, as well as the new pass-through deduction of Internal Revenue Code Section 199A. (Read here) Now we want to look a little more closely at how this changes the...
