For any businesses, it’s very important to maintain accurate records. Well -kept records help businesses stay compliant with tax regulations and offers proper evidence of any transactions. The leadership...
An independent contractor is one who operates as a separate entity from the business to those it provides services for. What sets them apart is their mode of working,...
If you are a farmer looking for information on farmer taxation, you’ve landed at the right place. In this blog, we will discuss all the topics related to farming...
Nonprofit organizations enjoy a lot of various text benefits under the IRS code. Whether they are doing charity, indulging in religious activities, or for any educational purposes. They enjoy...
UNICAP or Uniform Capitalization rule is a bit complex rule. When we discuss this rule with our clients, a lot of them aren’t aware of the same. So we...
Are you looking for taxation information about C-Corporations? Well, you’ve landed at the right place! As they are regarded as a different entity than their owners by the IRS,...
When spouses jointly own and operate a business, the tax equations become different for them. There is a special provision for Qualified Joint Venture (QJV) for such couples. This...
C Corporations often deal with a complex web of taxation. At glance, it might seem that they have extreme tax burdens (which is partially true also). But IRS offers...
Transfer tax planning is key to passing on your wealth with fewer taxes. With proper transfer tax planning, you can significantly lower estate, gift, and GST taxes. We often...
Following the foundational steps laid out in Part 1 of our series, we now venture into the critical phases of growth and operational excellence. As your partners in accounting...