The tax advantages of including debt in a C corporation capital structure
May 15, 2024 | Brian Hare, CPA, CGMA
Include debt in a C Corporation capital structure. Learn the bullet points here.
Read MoreInclude debt in a C Corporation capital structure. Learn the bullet points here.
Read MoreRead on to see how much the new standard business mileage rate will be for 2022 Business tax returns and how to use it.
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. That’s because of the LIFO recapture income that will be triggered by converting to S corporation status. We can meet to compute what the […]
Business owners quick guide to Guaranteed Payments and QBI Deductions.
Read to learn all about key deadlines for 2023 Q
Read to learn if your business qualifies for a QBI deduction.
Starting to take effect on January 1, 2023 the minimum wage in Michigan: Will increase from $9.87 to the new rate of $10.10. This is a $0.23 increase from the current rate. The 85% rate for minors aged 16 and 17 will increase from $8.39 to $8.59 per hour. This is a $0.20 increase from […]
Summary of the advantages and disadvantages of starting a C-Corporation.
Read to learn about final tax responsibilities when you are closing your business.
These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or sells or leases software to others. In any of these situations, you should be aware of the complex rules that determine the tax treatment of the […]
Companies that have a history of deducting research and experimental (R&E) expenses will need to prepare for a bigger tax bill. Prior to this, businesses have been able to deduct their R&E expenses in the same year in which they incurred them. However, for tax years beginning after December 31, 2021, all businesses will need […]