by Cory Carroll | Feb 2, 2024 | tax
Among the numerous responsibilities of operating a profitable business, paying income taxes is an important one that should not be left until the income tax return is filed. The IRS and many states require estimated tax payments be made quarterly to avoid... 
by Cory Carroll | Nov 13, 2023 | tax
The Tax Cuts and Jobs Act (TCJA) passed in late 2017 put a $10,000 limit on the amount of state and local taxes (SALT) individuals could subtract as itemized deductions. As a workaround, many states have enacted legislation to allow certain pass-through entities... 
by Cory Carroll | Nov 9, 2023 | tax
It’s that time of year again! No, we are not referring to the holidays, but time to review your company’s tax situation, identify tax saving opportunities, and implement strategies before year-end to maximize cash flow. Here are our top 5 things small businesses can... 
by Cory Carroll | Jan 31, 2023 | tax
Small business owners are excited to kick-start their businesses and start generating revenue, but often miss opportunities to document and claim ordinary and necessary business expenses as tax deductions. Below are some of the most common expenses that small... 
by Cory Carroll | Dec 2, 2022 | tax
Starting with the 2021 tax year, the IRS required Schedules K-2 and K-3 be completed for passthrough entities (Partnerships and S-Corporations) to include items of international tax relevance from the operations of a pass-through entity. As these forms are very...