Batley CPA Tax & Business Alert April 2025
If you’ve filed your 2024 tax return, you may be eager to do some spring cleaning, starting with tax-related paper and digital clutter.
Batley CPA Tax & Business Alert March 2025
If you own or manage a business with employees, you could be personally responsible for paying a harsh tax penalty. It’s called the Trust Fund Recovery Penalty (TFRP). It applies to Social Security and income taxes, which must be withheld from employees’ wages.
Batley CPA Tax & Business Alert February 2025
When your business places newly acquired qualifying assets into service, tax-saving benefits are generally available. Under Section 179 of the tax code, businesses can take substantial depreciation deductions, with limits based on their taxable income.
Batley CPA Tax & Business Alert January 2025
Wouldn’t it be great if your employees worked as if they owned part of the company? An employee stock ownership plan (ESOP) could make that a reality.
Alert: Alert [December 27, 2024]: Impact of Ongoing Litigation in regards to FinCEN
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.
Batley CPA Tax & Business Alert December 2024
If someone suggests that you should have your business appraised, you might wonder if that’s a subtle suggestion that you should retire and sell the company.
Corporate Transparency Act
The Corporate Transparency Act (“CTA”) was enacted by Congress on a bipartisan basis on January 1, 2021, as part of the National Defense Authorization Act. The CTA seeks to prevent and combat money laundering, terrorist and proliferation financing, serious tax fraud, and other financial crimes by making it harder for bad actors to hide or […]
Batley CPA Tax & Business Alert November 2024
As 2024 is nearing its end, now is a good time to consider year-end strategies to help reduce the tax your business will owe.
Batley CPA Tax & Business Alert October 2024
Some small businesses struggle with employee morale for a variety of reasons, one of which may be economic uncertainty.
Batley CPA Tax & Business Alert September 2024
Are you in the process of starting a business or contemplating changing your business entity? If so, you’ll need to decide how to organize your company.