New Rules Impacting Businesses in 2020
Reading Time: 3 minutes Several of the new rules that impact businesses in 2020 are changing. We mention them below, so you can prepare for them and make the
January 9, 2020
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Reading Time: 3 minutes Several of the new rules that impact businesses in 2020 are changing. We mention them below, so you can prepare for them and make the
Reading Time: 4 minutes Have a business vehicle you want to sell? Don’t make a move until you look into all the tax rules that you’ll need to follow when
Reading Time: 2 minutes Year-end planning includes revisiting your retirement plan or visiting in case of a new business. Offering retirement plans now provides compelling benefits for not only the
Reading Time: 2 minutes After the Introduction of the flat 21% tax rate for C Corporations, many pass-through entities are now considering revoking their S Election status for a
Reading Time: 2 minutes For most small business owners, the workflow for dealing with tax preparation is usually not as well structured and streamlined as that of larger businesses.
Reading Time: 3 minutes The Tax Cuts and Jobs Act of 2017 made various changes that prove to be favorable while deducting business equipment and vehicles. Section 179 and
Reading Time: 3 minutes Since the introduction of the new tax laws, many of our clients and future clients are thinking whether to incorporate or not under new tax
Reading Time: 4 minutes Every year the questions “Do I need a file a Federal Income Tax Return? How much do you have to make to file a federal
Reading Time: 3 minutes The tax reform bill passed by the United States Congress known as the Tax Cuts and Jobs Act, impacts Business Interest Deduction, Net Operating Loss,
Reading Time: 3 minutes The tax reform bill passed by the United States Congress known as the Tax Cuts and Jobs Act, majorly impacts tax rates for corporation and
Reading Time: 3 minutes Under the new Tax Cuts and Jobs Act, pass-through business owners can claim a 20% deduction on the “qualified business income” conditional to certain criteria
Reading Time: 3 minutes Who does this apply to? If you are a Canadian resident who derives an income effectively connected* to any business or trade in the US
Reading Time: 2 minutes The majority of the time meals and entertainment deduction are limited to 50% of the cost, but did you know that meals and entertainment can
With our expert team, strong code of ethics, clear vision and passion, we strive to meet our clients’ financial goals
For assistance in planning and transferring your US assets to Canada please contact our colleague Phil Hogan, CPA, CA, CPA (CO) at 250-661-9417 or via email at phil@philhogan.com
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