Sun Acquisitions

JANUARY 26, 2024

Selling a business is a significant financial decision that comes with various considerations, and one of the most important aspects to be aware of is the tax implications. Understanding the tax consequences of selling your business can help you make informed decisions and optimize your financial outcome.

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Intangible Assets 59

Machen McChesney

NOVEMBER 29, 2023

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities.

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Peak Business Valuation

JUNE 9, 2023

The tax preparation industry has experienced healthy growth. These determinants have a significant influence on the demand for tax preparation services. As such, it may be a good time to buy , expand , or sell a tax preparation business. There are many factors to consider when valuing a tax preparation business.

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Machen McChesney

OCTOBER 18, 2023

Here are some key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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Peak Business Valuation

SEPTEMBER 5, 2023

Tax preparation businesses provide various tax-related services to individuals and businesses. This may include tax return preparation, tax planning, income tax filing, etc… As such, the tax preparation industry retains steady demand during tax season. Schedule a Free Consultation!

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Discounted Cash Flow Business Valuation Appraisal EBITDA 52

Machen McChesney

JANUARY 24, 2024

Here are some key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. If you have questions about filing requirements, contact us.

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BV Specialists

SEPTEMBER 25, 2023

When it is time to close a business and there are no realistic sale options, there are several steps needed to officially dissolve the company, so no loose ends come back to affect you in the future. One of those requirements is filing forms with the IRS and/or your state for final tax settlement purposes.

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Peak Business Valuation

JULY 12, 2023

The tax preparation industry includes businesses that provide tax return preparation services to individuals and businesses. This typically involves helping clients maximize savings on taxes and refunds. According to IBIS World’s data , there are over 129,000 tax preparation businesses in the United States.

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Business Valuation EBITDA Appraisal Fair Market Value 52

Machen McChesney

DECEMBER 1, 2023

The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and their owners.

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Peak Business Valuation

MAY 22, 2023

Tax laws and regulations are constantly changing in the United States. For this reason, the tax preparation industry plays a vital role in the economy. Tax preparation businesses help individuals and businesses navigate their taxes. To learn more, receive a business valuation.

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Machen McChesney

FEBRUARY 3, 2023

An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business.

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Machen McChesney

NOVEMBER 18, 2022

businesses are facing pressure to drive revenue, manage costs and increase shareholder value, all while surrounded by economic and political uncertainties. congressional elections — which as of the publication of this article are as yet unknown — will shape future tax policies. How do businesses thrive in uncertain times?

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Marketability 68

Machen McChesney

JUNE 15, 2023

Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations.

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Machen McChesney

OCTOBER 26, 2023

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined.

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Machen McChesney

JUNE 20, 2023

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.

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Concannon Miller

JULY 14, 2022

Pennsylvania’s new budget for 2022-23 includes several business tax changes, including lower taxes for corporations. The new budget cuts the corporate net income tax from 9.99% to 8.99% as of Jan. Other business tax changes that start Jan. 1 include:

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Machen McChesney

SEPTEMBER 6, 2022

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next.

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Sun Acquisitions

JUNE 12, 2023

Selling a family business can be daunting, especially when navigating the complex tax implications that come with it. As a family business owner, it’s crucial to understand these implications and develop strategies for minimizing your tax burden during the sale process.

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Start-ups 52

Machen McChesney

APRIL 13, 2022

As the 2021 tax filing season progresses, small businesses and self-employed taxpayers should make certain they are taking advantage of all of the tax deductions and opportunities available to them on their 2021 federal income tax returns.

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Machen McChesney

SEPTEMBER 14, 2022

Businesses operating across state lines must determine the amount of their income that is subject to tax in each state. Generally, this is done using what is known as “formulary apportionment.”

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Quantive

FEBRUARY 1, 2024

Small business owners often forget to consider the taxes they must pay […]

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LaPorte

AUGUST 25, 2022

(authored by RSM US LLP) Tax changes in the Inflation Reduction Act could affect middle market businesses despite targeting large corporations and high-income individuals. The post Taxes and the Inflation Reduction Act: What middle market businesses should know first appeared on LaPorte.

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Marketability 98

Machen McChesney

MARCH 21, 2023

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you meet all applicable deadlines and learn more about the filing requirements.

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Machen McChesney

APRIL 19, 2023

If your business occupies substantial space and needs to increase or move from that space in the future, you should keep the rehabilitation tax credit in mind. This is especially true if you favor historic buildings.

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ThomsonReuters

JUNE 28, 2022

Corporate tax teams that want to invest in an automated indirect tax solution can’t simply declare to decision-makers that efficiencies, cost savings, and a host of other benefits will magically start boosting the bottom line once the software is activated. But calculating ROI on an indirect tax technology implementation isn’t easy.

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Machen McChesney

JANUARY 6, 2023

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. If you have questions about filing requirements, contact us.

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Henry Horne

OCTOBER 27, 2022

You think you’ve accounted for everything, but when your tax returns come back you’re sticker shocked. You thought you were on top of everything and yet, here you owe taxes you didn’t expect to owe. The post Why does my restaurant business owe taxes? What happened? appeared first on Henry+Horne.

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Gross Mendelsohn

NOVEMBER 11, 2022

If your business has remote employees, there are tax consequences and rules you should be aware of. One of the unexpected consequences of the COVID-19 pandemic is the proliferation of remote employees.

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Gross Mendelsohn

AUGUST 18, 2022

The Maryland State Department of Assessments and Taxation (SDAT) made business owners very happy as House Bill 268 ( HB268 ) has officially taken effect. This legislation increases the exemption amount of personal property eligible to be taxed.

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Machen McChesney

OCTOBER 7, 2022

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.

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LaPorte

NOVEMBER 1, 2022

(authored by RSM US LLP) Tax considerations to help your business fight economic factors that could lead to a recession. The post Business tax considerations amid economic headwinds first appeared on LaPorte.

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ThomsonReuters

JULY 14, 2022

IRS Tax Tip 2022-91 (June 14, 2022). The IRS has issued a tax tip explaining key aspects of the enhanced business meal deduction in effect for 2021 and 2022. The cost of the meal can include taxes and tips, but not the cost of transportation to and from the meal. Available at [link]. Contributing Editors: EBIA Staff.

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ThomsonReuters

MARCH 28, 2022

You ’ ve found the ideal tax and accounting research solution for your firm. 4 tips to help prepare your business case . Tax research technology empowers staff. It is risky because misinformation and wrong answers can hurt the firm ’ s reputation and can lead to tax penalties for the firm or the clients. .

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Start-ups Technology 98

Merrimack Business Appraisers

APRIL 14, 2023

It’s that time of year when taxes are top of mind. Business valuations can have a significant impact on tax liability and IRS compliance. The Risk of Double […] The post Tax Liability – Three Examples of How Business Valuations Matter appeared first on Merrimack Business Appraisers.

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Henry Horne

JUNE 14, 2022

Some people have reached out after the previous blog on Arizona’s new alternative tax, called the Arizona Small Business Income Tax (SBI). Small Business Income Tax (SBI) FAQs Question: How do … Keep Reading.

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Machen McChesney

JULY 26, 2022

Sometimes, bigger isn't better: Your small- or medium-sized business may be eligible for some tax breaks that aren't available to larger businesses. Here are some examples.

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ThomsonReuters

APRIL 19, 2022

Your firm has been going nonstop, and your team has just made it through another busy tax season. No matter how large or small your firm may be, these simple gestures are excellent ways to reward your staff both during and after the seasonal tax rush. Give the Ultimate Gift This Busy Tax Season.

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