Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
accrual accounting
Accrual Basis Taxpayers can Deduct Year-end Bonuses
IS THERE STILL TIME TO PAY 2018 BONUSES AND DEDUCT THEM ON YOUR 2018 RETURN? There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee bonuses for 2018 in 2019 and still deduct...
Can Your Business Use CASH Accounting under the TRA?
TAX REFORM EXPANDS THE AVAILABILITY OF CASH ACCOUNTING Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some...
