The pandemic has dramatically affected the way people interact and do business. Your company likely undertook various changes to adapt to the initial lockdowns and the ongoing public health guidance over the past two years. An interesting byproduct of the crisis is that it created a somewhat involuntary experiment in remote work. Many businesses that … Continue reading “How To Keep Remote Sales On-Point”
Month: July 2022
Important Considerations When Engaging In A Like-Kind Exchange
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange. A like-kind exchange is a swap of real property held for an investment. It can … Continue reading “Important Considerations When Engaging In A Like-Kind Exchange”
The Tax Obligations If Your Business Closes Its Doors
Sadly, it has been all too common with businesses shutting down recently due to the pandemic and the economy. If this is your situation, we can assist you, including taking care of the various tax responsibilities with closing a business. Of course, a business must file a final income tax return and some other related … Continue reading “The Tax Obligations If Your Business Closes Its Doors”
How Do Taxes Factor Into An M&A Transaction?
Mergers and acquisitions have been decreasing in 2022, according to various reports. However, there are still companies being bought and sold. Is your business is considering merging with or purchasing another business? If so, it’s important to understand taxing of the transaction under current law. Stocks vs. Assets From a tax standpoint, the structuring of … Continue reading “How Do Taxes Factor Into An M&A Transaction?”
IRS Extends Relief For Physical Presence Signature Requirement
Under IRS regulations regarding electronic consents and elections, if a signature must be witnessed by a retirement plan representative or notary public, it must be witnessed “in the physical presence” of the representative or notary — unless guidance has provided an alternative procedure. Recently, in Notice 2022-27, the IRS extended, through the end of 2022, … Continue reading “IRS Extends Relief For Physical Presence Signature Requirement”
2022 Q3 Tax Calendar: Key Deadlines for Businesses & Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. 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 for your 2022 Q3 taxes and to learn more … Continue reading “2022 Q3 Tax Calendar: Key Deadlines for Businesses & Other Employers”