by PTF | Aug 31, 2021 | Business Services, Articles, Planning Services
How Can You Save a Business After the Owner Dies? When you’re in the midst of building or growing a business, the last thing on your mind is what happens if the owner suddenly dies. If the business was established as a partnership and the surviving partner has equity...
by PTF | Aug 23, 2021 | Business Services, Financial Reporting, Resource
The Many Benefits of 401(k) Profit-Sharing Plans If you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues, consider a 401(K) profit-sharing plan. These plans allow you to make pre-tax deposits to...
by PTF | Aug 7, 2021 | Business Services, Articles, Individuals
The Treasury Green Book of Biden Proposed Tax Changes Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift or...
by PTF | Aug 4, 2021 | Business Services, Articles, Tax Preparation
Restaurants and Businesses Benefit from Temporary Tax Break Article Highlights: New Business Tax Break Restaurant Purchased Meals Qualifying Restaurants Take-out Meals Lavish Limitations Taxpayer Presence Substantiation Congress has provided businesses with a...
by PTF | Jul 28, 2021 | Individuals, Business Services
August 2021 Individual Due Dates August 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 10. Your...
by PTF | Jul 28, 2021 | Business Services, Financial Reporting, Resource
Know Where You Stand: Use QuickBooks Reports It’s impossible to have a clear picture of where your business is headed without regularly running QuickBooks’ built-in reports. If you’re currently using QuickBooks, you know how it’s transformed your daily bookkeeping...
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