An important new Tax Court case could provide valuable tax savings for owners of limited liability corporations (LLCs) and partners in limited liability partnerships (LLPs). The decision permits a couple to use a loss from… Read More »New tax breakthrough for LLCs
In the “flash crash” on May 6, 2010, the Dow Jones Industrial Average dropped nearly 1,000 points only to recover more than 600 points by the market close. On the heels of the financial crisis… Read More »Advice to Clients in Uncertain Markets
The so-called “manufacturing deduction” isn’t just limited to companies that manufacture products in the traditional sense of the word. It’s available to a wider range of business operations than you might think. What’s more, the… Read More »Produce big manufacturing deductions
On Sept. 6, President Obama announced that his Administration will seek new funding for highway, rail and airport projects in an effort to spur job growth and address the long-term needs of the transportation system.… Read More »Transportation, Tax Initiatives
Managing receivables is difficult in the best of times, and these challenges have been made even more difficult by the current economic environment. But there are several steps your CPA firm can take. Get a… Read More »Dealing With Clients in Financial Distress