The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations, and S corporations. Selecting the appropriate business entity significantly impacts multiple factors, including your tax obligations. In some
After experiencing a decline in 2023, merger & acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, your goal is to have the best possible
If you’re planning to use a C corporation to operate a newly acquired business or you need more capital in an existing C corporation, you should know that the federal
There are several financial and legal implications when adding a new partner to your business. Let’s say you and your partners are planning to add a new partner. The new
It’s not unusual for a partner to have expenses related to the business. This happens more often in service partnerships such as architecture or a law firm. For instance, partners
If your business hasn’t yet implemented a retirement plan, now could be the perfect opportunity to do so. With current retirement plan rules, you can make significant tax-deductible contributions. For
If you’re starting a new organization or are currently operating one, you understand the importance of keeping proper income and expense records. When it comes to recording expenses, you should
Here are some key tax deadlines for businesses and employers during the second quarter of 2024. Remember, this list doesn’t cover everything, so you might have more deadlines to meet.
Typically, your organization should aim to get the most tax deductions for newly purchased assets with the current year. Two federal tax breaks can be a big help in achieving
