Are S Corporations Facing Extinction?
Corporations, limited liability companies, and certain other business entities can make an election with the Internal Revenue Service to be taxed under Subchapter S of the Internal Revenue Code. If such an election is made, the business entity becomes an…
Deduct 100% of Your Employee Recreation and Parties
You take Bill, your best customer, to the local country club and treat him to 18 holes of golf. The golf produces a zero deduction. However, if you take your employees and their spouses and children to the local…
IRS Penalty; Secrets to the IRS Forgiveness Process
Uh-oh! In your mailbox, you found that dreaded envelope—the one from the IRS. Inside the envelope, you find a notice from the IRS informing you that it assessed additional tax, penalties, and interest on your tax return from two years…
Did You Report Your Foreign Bank Accounts?
If you own or have an interest in any foreign bank account or other types of financial accounts (see below for examples of the other types) that are based outside of the United States, you may have to fill out…
Updated PPP Rules
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to your pockets if you have or had PPP money. Before we go further, please note the PPP money comes to you in what appears…
Tax Related Posts
Are S Corporations Facing Extinction?
Corporations, limited liability companies, and certain other business entities can make an election with the…
ByPedro Gonzalez, CPAAugust 1, 2021Deduct 100% of Your Employee Recreation and Parties
You take Bill, your best customer, to the local country club and treat him…
ByPedro Gonzalez, CPAMay 26, 2021IRS Penalty; Secrets to the IRS Forgiveness Process
Uh-oh! In your mailbox, you found that dreaded envelope—the one from the IRS. Inside the…
ByPedro Gonzalez, CPAFebruary 4, 2021Did You Report Your Foreign Bank Accounts?
If you own or have an interest in any foreign bank account or other types…
ByPedro Gonzalez, CPAJanuary 11, 2021The IRS Strikes Back!
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing…
ByPedro Gonzalez, CPANovember 19, 2020How Many Whole or Partial Rooms Can You Use For Your Home Office?
With the COVID-19 pandemic still going on, you may be spending more time working from…
ByPedro Gonzalez, CPANovember 11, 2020
Business
other posts
Updated PPP Rules
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to…
ByPedro Gonzalez, CPAJanuary 8, 2021Did You Miss Out On The Previous PPP Opportunities?
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection…
ByPedro Gonzalez, CPAJanuary 4, 2021The IRS Strikes Back!
On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing…
ByPedro Gonzalez, CPANovember 19, 2020What is Financial Forecasting? And Why Should You Care?
Financial forecasting is the process of predicting the future outcome of economic, marketing, and financial…
ByPedro Gonzalez, CPANovember 17, 2020
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