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Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets.

When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many years.

The ways in which a CPA can be a trusted advisor for your small business

Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). And some will spend their tax savings on merging with or acquiring another business.

Business taxpayers should be extra alert for cybercriminals attempting to steal W-2 forms and other sensitive information through a phishing scam.

Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses, deductions, and credits are distributed across its shareholders’ individual tax returns on a pro rata basis.

The alteration in the standard deduction and how taxpayers have been accustomed to using it may be the single most important factor for tax planning into 2019.

The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties.