Pass-through entities

Correct accounting, tax preparation and reporting in the cannabis industry requires proper operational setup and processes, expertise and tools.

Evaporation of banks; slow filers; crypto and normal taxes; and other highlights from our favorite tax bloggers.

Clients who are the sole owner of an LLC may wonder how electing S corporation status will affect how they get paid from their businesses.

A Senate plan to expand taxes on some businesses to bolster Medicare raised alarms about inflation, potentially complicating Democrats’ attempt to pass a broad economic package.

If you're looking for ways to expand your revenue streams, you may be considering offering statutory agent services.

Many business owners don't realize the limited liability company structure has several variations.

As the end of the year approaches, it’s time for your business clients to take stock of — and tackle — any outstanding business compliance tasks.

Various factors influence how business owners structure their companies and whether they decide to set up a holding company.

The Internal Revenue Service has stepped up efforts to collect employment taxes from S corporation officers, but business owners are still getting away with avoiding billions of dollars in taxes.

The topic of Employer Identification Numbers is sure to arise as accountants help clients get all of their tax to-dos in order.

Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive.

The updated early draft versions will be used by pass-through businesses to report foreign tax information.

Many RIAs can qualify for this lucrative benefit. Here’s what you need to know this tax filing season.

When choosing a business entity type, general contractors must think about the legal, financial and tax implications.

Some business owners can get hurt by workarounds to the $10,000 limit for state and local tax deductions.

The effect of S corp status on the emergency loans highlights the impact of a business' form.

From legal considerations to tax implications, these entrepreneurs face some unique challenges.

Most accountants who help clients with the choice of entity focus on the tax aspects. But in order to help clients make fully informed decisions, “personal” asset protection should be considered.

Annual meeting minutes are an important business compliance requirement, helping to keep a company in good standing with the state and maintain its protective corporate veil.

Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.