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✕December 19, 2023
2023 Tax Planning Itemized Deductions There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the […]
December 12, 2023
Standard vs Itemized Deductions There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the standard […]
December 5, 2023
Optional Standard Mileage Rates Businesses generally can deduct the entire cost of operating a vehicle for business purposes. Alternatively, they can use the business standard mileage […]
November 15, 2023
Tax Planning: Qualified Opportunity Zones The Tax Cuts and Jobs Act includes changes for businesses and individuals. One of these is the creation of the opportunity […]
November 14, 2023
Below you will find the contents of the presentations from the 2023 AFairchild Business Luncheon on November 14th. Please let us know if you have any […]
November 7, 2023
2023 Tax Planning: Excess Business Losses of Noncorporate Taxpayers Under the CARES Act, the limitation on excess business losses for shareholders and partners of pass-through businesses […]
November 1, 2023
Tax Planning: Basis of Property Acquired Under Code Secs 1031 or 1033 In certain types of transactions there are opportunities for taxpayers to defer gain on […]
October 25, 2023
Many businesses consider the occasional wining and dining of customers and clients just to stay in touch with them to be a necessary cost of doing […]
September 19, 2019
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that taxes are kept to a minimum […]
September 18, 2019
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. […]
September 12, 2019
In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The purpose of these letters is […]
July 15, 2019
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware […]