Blog

  • Are you a Business Owner?
  • August 13, 2018
  • Business owners can generally deduct losses on their tax returns. But the activity must show a profit motive by operating in a businesslike manner. The U.S. Tax Court denied loss…
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  • New Bill Passed
  • July 26, 2018
  • The U.S. House passed a bill that would repeal the 2.3% medical device tax. The excise tax is scheduled to be imposed on importers and manufacturers of medical devices beginning…
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  • Consider these financial reporting issues before going private
  • July 25, 2018
  • Issuing stock on the public markets isn’t right for every business. Some public companies decide to delist — or “go private” — often due to the high costs of complying…
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  • Can you prove it?
  • July 16, 2018
  • Business owners can generally deduct ordinary and necessary expenses, if they can prove the costs are bona fide and business related. In one case, a married couple were officers in…
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  • Paycheck Checkup
  • July 9, 2018
  • Do you need a “paycheck checkup”? Since the Tax Cuts and Jobs Act became effective, the IRS has been urging taxpayers to determine the best amount to have withheld for…
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