by Ryan Burke, CPA, MSF | May 29, 2024 | Uncategorized
Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are: sole proprietorships, partnerships, limited liability companies, C corporations and S corporations. In some cases, a business may...
by Ryan Burke, CPA, MSF | May 22, 2024 | Blog, Business, Tax, Uncategorized
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the...
by Ryan Burke, CPA, MSF | Apr 7, 2024 | Uncategorized
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting...
by Ryan Burke, CPA, MSF | Mar 28, 2024 | Blog, Tax
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year Section 179 depreciation deductions and first-year bonus depreciation deductions. These...
by Ryan Burke, CPA, MSF | Feb 28, 2024 | Tax, Uncategorized
With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax deferred. Earnings used to pay qualified education expenses can be withdrawn tax-free....
