Pass-through entities

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.

A client of mine recently asked me what I thought was the best organizational structure for a small business, especially related to the tax issues.

If you have clients who own more than one business, how they structure those companies can affect them from the legal and tax perspectives.

Grant Thornton’s National Tax Office picks the top issues of 2019 and 2020.

Michael Bloomberg said Saturday he would raise taxes on the wealthy, increase the corporate tax rate, and curb tax-free inheritances of large estates, elements of a tax plan that he says would raise $5 trillion over a decade.

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity.

New Jersey Governor Phil Murphy signed legislation Monday giving small businesses in the Garden State a workaround for the $10,000 cap on state and local tax deductions under the Tax Cuts and Jobs Act.