The Impact of Qualified Business Income to the Valuation of a Pass-Through Entity

By |2019-05-14T09:10:00-05:00July 11th, 2018|Business Valuation, Change, Preparation, Saving, Tax, Tax Planning, Tax Reform|

Unlike “C” Corporations, who are taxed on their earned income at the entity level and then taxed again at the individual level on dividend distributions (distributed earnings), pass-through entities, such as “S” Corporations, Limited Liability Companies (LLC’s), and Partnerships, are taxed only at the individual owners or partners rate. However, with the implementation of the [...]

3 Reasons You May Want to Consider Outsourcing Your Accounting

By |2019-11-19T13:51:22-06:00June 19th, 2018|Accounting, Advisory, Goals, Payroll, Tax, Tax Planning, Value|

Jodi Kerr, CPA, and TDT Tax Partner, provides insight to outsourcing your accounting and the mistakes that can be avoided in the process. Jodi specializes in small business consulting, individual and business tax compliance. Having accurate, detailed, and well-organized financial information is important when it comes to your tax return, but even more important for managing your business. [...]

Will Corporate Income Tax Rates Impact Business Valuations?

By |2019-05-14T09:12:00-05:00June 8th, 2018|Business Valuation, Change, Tax, Tax Planning, Tax Reform|

value price concept on balance scale Whether it be a business or an individual, we are taxed on the income earned. One main way the value of a business is determined is by understanding the amount of income the business will generate. To do this properly, the valuation analyst must consider the taxes [...]

Is it Time to Make a Change? C Corp vs. S Corp

By |2019-04-26T14:54:28-05:00May 22nd, 2018|Change, Deductions, IRS, Saving, Tax, Tax Planning, Tax Reform|

With the significant reduction of corporate tax rates from 35% to 21%, many S Corporation owners are asking themselves, is it time to make the change to C Corporation? Even though the top individual is reduced under Tax Reform to 37%, this is still a significantly higher amount than the new corporate rate. So, the [...]

Deductibility of Alimony Going Away

By |2019-05-14T09:14:07-05:00May 1st, 2018|Advisory, Business Valuation, Change, Deductions, Litigation Support, Tax Planning|

Due to recent changes in federal tax law (The Tax Cuts and Jobs Act of 2017), alimony payments will no longer be tax deductible by the payor for income tax purposes through the year of 2025 for divorce decrees entered after December 31, 2018. Although alimony is not popular among those making the payments, there has [...]

Tax Planning Ideas for 2016

By |2017-04-21T12:53:14-05:00July 1st, 2016|Healthcare, Lease, Tax, Tax Planning, Tax Services|

Various factors influence the amount of income tax you will pay for the 2016 tax year.  Many taxpayers wait until late in the year or even after the end of the year before thinking about the tax ramifications of their actions in a given tax year.  If you have not already considered these issues, you [...]

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