business tax

5 ways to withdraw cash from your corporation while avoiding dividend treatment Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s...

Buy business assets before year-end to reduce your 2018 tax liability [caption id="attachment_895" align="aligncenter" width="560"] 2018 Year End Tax Planning[/caption] The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks,...