Featherstone Blog
New Rules for Business Travel Deductions
Business travel is still tax-deductible, under the Tax Cuts and Jobs Act of 2017 (TCJA), but there is a major difference now. Relatively few individuals will be able to claim such deductions; for the most part, deductions can be taken only at the company level.
How IRAs Affect Medicaid Planning
Medicaid is designed for low-income individuals, so people with “too much” income won’t qualify. The same is true for those with “too much” in assets.
Mid-Year Tax Planning Tips from Featherstone
Tax planning tips including retirement plan contributions, debt repayment and Roth IRA conversions.
March Tax Tips for S Corporations
S corporations. File a 2018 calendar-year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1. If you want an...
March Tax Calendar Tips for Partnerships
A Tip for Partnerships in March - File a 2018 calendar-year return (Form 1065). Provide each partner with a copy of Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc., or a substitute Schedule K-1 (Form 1065). If you want an automatic...
New tax law enhances appeal of C Corporations
Many owners of private companies have been leery of operating as a regular C corporation. If you make that choice, you will be exposed to double-taxation of business income.
February 2019 Tax Calendar
February 2019 Tax Calendar
February 2019 Tax Calendar
February tax tips for employers and individuals.
IRS says business meal deductions still apply
Five tests the IRS uses to support a deduction for business meal expenses.
The Ins and Outs of IRAs
Determine what type of IRA would be most beneficial for your situation.
Blogs we read
- Accounting Today http://www.accountingtoday.com/
- CPA Practice Advisor http://www.cpapracticeadvisor.com/
- Tax Girl http://www.taxgirl.com/about-taxgirl/
- The Radical CPA http://www.theradicalcpa.com/
- Workflow Max https://www.workflowmax.com/blog