by Brian Hare, CPA, CGMA | Jun 13, 2022 | Tax
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated taxes without...
by Brian Hare, CPA, CGMA | Jun 13, 2022 | Tax
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more partnership income than was distributed to you from the partnership in which you’re a partner. Why does this happen? It’s due to the way...
by Brian Hare, CPA, CGMA | Jun 9, 2022 | Business
Businesses with multiple owners generally benefit from a variety of viewpoints, diverse experience and strategic areas of specialization. However, there’s a major risk: the company can be thrown into tumult if one of the owners decides, or is compelled by...
by Brian Hare, CPA, CGMA | Jun 9, 2022 | Business
It’s a dilemma that’s been in the news and on business owners’ minds for a while now. The COVID-19 pandemic, along with other world events, have strained supply chains both global and national. And, throwing gasoline on the fire, cyberattacks have threatened to...
by Brian Hare, CPA, CGMA | May 3, 2022 | Tax
There are many tax mechanics that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume that the property you want to sell is land or depreciable property used in your business, and has been held by you for more than a...
