Are you the owner of a closely held corporation and want to take cash out? For tax purposes, you probably want to avoid a dividend distribution. Here are some alternatives.
There are a number of tax obligations that must be met when a business closes its doors. Sadly, because of COVID-19, many businesses are facing this reality. Here are the basic requirements.
The IRS has issued guidance to implement the deferral of the employee share of Social Security tax. But employers still have questions and concerns about whether, and how, to implement the deferral.
If you hold an interest in a business, or may do so in the future, be aware that the CARES Act has made changes to excess business losses.
Businesses that received PPP loans should be aware of the tax consequences. Here’s a look at the issue.
A tax form that used to be filed back in the 1980s is coming back for 2020. Here’s what businesses need to know.