The QBI deduction (part of the TCJA) is available to individuals, estates and trusts with income from eligible pass-through entities, for tax years 2018 – 2025.
Submitted by Bryan Eto, CPA BeachFleischman Use this financial health checklist! Cash flow is always an important element in the smooth and successful operation of your business and is particularly […]
Here are the most important things that individual taxpayers need to know about the TCJA, which was signed into law on December 22, 2017.
The WOTC (Work Opportunity Tax Credit) encourages businesses to hire from certain categories of workers who face significant barriers to employment. How to calculate the credit.
Chances are, your construction business hires subcontractors, rather than employees, to perform some of the work. What’s the difference, and why should you care? Turns out the IRS cares – a LOT!! So how can you protect your money-saving use of subcontractors?
The federal self-employment (SE) tax just keeps going higher and higher. If you’ve reached the breaking point, there may be a way to tame the SE tax beast by converting your existing unincorporated small business into an S corporation.
Submitted by Bryan Eto, CPA BeachFleischman It’s a family affair!? Customer relationships with general contractors or owners who give your firm regular work can be like family relationships. One specialty […]
Is your construction company prepared to pay your hourly AND some qualifying salaried employees overtime? What you need to know, and some possible strategies from our #CPA friends @BeachFleischman.
How to access prior years’ (2 + years) financial statements and transactions after closing the current year in Sage 300 CRE (formerly Timberline).