How to Help Your Clients Claim the R&D Tax Credit
Did your client improve upon a product or develop new software this year? If so, they might qualify for the Credit for Increasing… Read more
Additional Medicare Tax: What You Need to Know About Form 8959
Since 2013, some taxpayers have been liable for an Additional Medicare Tax if their income exceeds certain limits. To make… Read more
Understanding a Balance Sheet
A balance sheet report is a type of financial statement that is used to calculate the holdings of a business and its owners.… Read more
Accounting vs Auditing: What’s the difference?
“Accountant” and “Auditor” are often used interchangeably, but are they really the same thing?
An audit is typically performed… Read more
S-Corp Election Deadline for Corporations
Existing corporations that are eligible to elect to be treated as an S corporation need to file Form 2553, Election… Read more
Understanding the Corporate Flat Tax and Its Impact on Small Corporations
The biggest economic provision contained in the Tax Cuts and Jobs Act for Corporations was the change to a flat tax rate of… Read more