posts tagged as Business Tax

As 2016 comes to an end, taxpayers need to be proactive in year-end tax planning. The Protecting Americans from Tax Hikes Act of 2015 (PATH Act), was signed into law in December 2015 and made many changes that are effective with 2016 tax... read more

There are many misconceptions that lead to tax reporting errors in the restaurant business. We often receive questions or overhear comments from restaurant owners, operators and CFOs about practices that seem normal, but often lead to... read more

In late February, the IRS made available a new Publication 5125, Large Business & International (LB&I) Examination Process, which is effective beginning May 1, 2016. read more

The IRS’s Large Business & International (LB&I) Division, which covers corporations, S corporations and partnerships with assets greater than $10 million, recently announced that it would be implementing significant... read more

On December 18, President Obama signed into law the Protecting Americans from Tax Hikes Act (PATH).   read more

At last month’s National Restaurant Association Tax and Finance Executive Study Group Meeting, much was discussed around changes at the IRS and the current status of the agency’s... read more

Recently, the IRS released final regulations dealing with repair and capitalization of tangible property under IRC Sec. 162(a) and 263(a) and regulations relating to dispositions under IRC Sec. 168... read more

Although taxpayers are always susceptible to tax scams and schemes, this type of illegal activity seems to increase during tax filing season. read more

If you own a restaurant, there may be potential research and development (R&D) tax credit opportunities available to you read more

On Friday, President Barack Obama signed the Tax Increase Prevention Act of 2014 into law – which includes several tax breaks that had expired at the end of 2013. read more