For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income tax rates. This reduction applies to sole proprietorships and pass-through … Continue reading “Choosing the Best Business Entity Structure Post-TCJA”
Month: June 2018
Midyear Business Evaluation Checklist & Going Beyond Financials
Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably encounter a few bumps along the way and, hopefully, reach your destination with some success and a few lessons learned. The middle of the year is the perfect time to stop for a breather. Going … Continue reading “Midyear Business Evaluation Checklist & Going Beyond Financials”
Ask The Right Questions About Your IT Sourcing Strategy
Most businesses approach technology as an evolving challenge. You don’t want to overspend on bells and whistles you’ll never fully use, but you also don’t want to get left behind as competitors use the latest tech tools to operate more nimbly. To refine your sourcing strategy with your IT solutions company, you’ve got to regularly … Continue reading “Ask The Right Questions About Your IT Sourcing Strategy”
Hiring Family Members as Employees & Putting Your Child On Payroll
If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. And hiring family members as employee can make more sense than ever due to changes under the Tax Cuts and Jobs Act (TCJA). How It … Continue reading “Hiring Family Members as Employees & Putting Your Child On Payroll”