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ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER PERSON OR ENTITY FOR THE PURPOSE OF (i) AVOIDING PENALTIES THAT MAY BE IMPOSED ON ANY TAXPAYER OR (ii) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY MATTERS ADDRESSED HEREIN.
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 Bonus Depreciation, Carol McAtee & Associates, De Minimis Safe Harbor Election, Planning Tip, Section 179, Tax Planning, TCJA
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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 20% business deduction, Sec 199A, Taxes, TCJA
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 frivolous tax argument, IRS, tax code, voluntary compliance
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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 Employer Credit for Paid Family and Medical Leave, FMLA
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 1099, Form 1099-MISC, Independent Contractor, Miscellaneous Income
1 Comment
Ask and You Better Receive. What To Know About Form W-9.
UPDATED 12/17/2019 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 … 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 20% business deduction, McAtee & Associates, QBI, Sec 199A, TCJA
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