Category Archives: Business Taxes

Hitting Those Year-end Numbers-Business Taxpayers.

If you’re thinking 2019 profit has resulted in a bit more taxable income than you would like here are a few things you can do to do a bit of business tax planning. You can also call Carol and make an … Continue reading

Posted in Business Taxes, Christmas, IRS, Tax Planning, TCJA | Tagged , , , , , , | Leave a comment

Getting To That 20%

Perhaps the biggest change to your business and individual taxes is the Section 199A, Qualified Business Income Deduction (QBID). Your complimentary trip down Memory Lane (aka link to a Carol McAtee archived blog) –  TCJA and What in the World … Continue reading

Posted in Business Taxes, Section 199 A, Taxes, TCJA | Tagged , , , | 45 Comments

“Voluntary Compliance” My (fill in the blank)!

Here’s what’s up! America needs tax compliance to pay government’s bills. In all seriousness, voluntary compliance is a principle that we will cooperate with the tax system by filing honest and accurate annual returns and receive excellent customer service along … Continue reading

Posted in Business Taxes, General Interest, Individual Taxes, IRS, Taxes | Tagged , , , | Comments Off on “Voluntary Compliance” My (fill in the blank)!

Family Time

Brand-new tax credit courtesy of the Tax Cuts and Jobs Act (TCJA). Employer Credit for Paid Family and Medical Leave. But first. REINFORCING THE BASICS. What is the Family and Medical Leave ACT (FMLA)? The FMLA entitles qualified employees of … Continue reading

Posted in Business Taxes, Taxes | Tagged , | 193 Comments

Form 1099-MISC – By the Box And More

It’s that time of year again when, as a business owner, you have to start thinking about 1099ing folks. There’s a lot to it but we’re going to think about it with you. REINFORCING THE BASICS. What is a Form … Continue reading

Posted in Accounting, Business Taxes, Individual Taxes, Taxes | Tagged , , , | 1 Comment

Ask and You Better Receive. What To Know About Form W-9.

It’s that time of year again when, as a business owner, you have to start thinking about 1099ing folks. There’s a lot to it but we’re going to think about it with you. REINFORCING THE BASICS. What is a Form … Continue reading

Posted in Business Taxes, Taxes | Comments Off on Ask and You Better Receive. What To Know About Form W-9.

TCJA and What in the World is Section 199A?

The TCJA, (Tax Cuts and Jobs Act) kicked into gear for better or for worse on January 1, 2018. Last week’s blog was about its impact on individuals and 1040s. This week is about business, specifically the Section 199A Qualified … Continue reading

Posted in Business Taxes, Taxes | Tagged , , , , | Comments Off on TCJA and What in the World is Section 199A?