Real tax savings aren’t achieved at just the federal, international, state or local levels – they are realized through a disciplined, integrated approach that anticipates how each tax challenge informs all others to deliver real savings for your company.
The tax rules affecting businesses change frequently. Stay current on tax reform and regulatory changes that may impact business growth.
Although the specific provisions and timing of tax reform remain uncertain, it seems likely that business tax rates will be lower in the future. Given this expectation, prudent planning for employers includes accelerating deductions into periods before the rates will drop, leading to a permanent tax savings from the rate differential.
CRA representatives shed light on Canadian compliance issues related to US LLPs and LLLPs, specifically mentioning Florida and Delaware.
A colt named Cloud Computing won the 142nd Preakness Stakes in Kentucky…at a 13-1 long shot. Unfortunately, the same risk/reward scenarios rarely exist when it comes to getting the taxation of digital goods and services right.
The IRS issued final and temporary regulations under Section 385 late last year describing characteristics that help determine whether an investment in a corporation is debt or equity. Although those regulations exempted S corporations from their application, they nonetheless provide guidance that can be useful to an S corporation.
In a recent private letter ruling, the IRS provided insight into how they view liability assumptions post issuance of the 2016 regulations.