When considering a business restructuring, it is critical to understand the tax consequences of converting an LLC to a C corporation. Due to its flexibility, an […]
“Death and taxes” are the two things Benjamin Franklin promised us would always be certain. However, when it comes to human nature, we can safely add […]
There are various tax deductions and incentives that businesses can take advantage of, that help them reduce their tax liabilities. Some of these tax incentives apply […]
What is Salvage Value? Salvage value is the remaining book value of something valuable (like a machine or equipment) after it has gone through wear and […]
During the tax filing season, you must consider various expenses related to your car and business meals. A recent survey by Capital One found that 56% […]
Tax form 8832 is used by partnerships or Limited Liability Companies (LLCs) to pick or change their tax classification. In short, Form 8832 lets taxpayers elect […]