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Leasing Equipment vs. Buying Equipment for your Business

Leasing Equipment vs. Buying Equipment for your Business

By Froehling Anderson | Mar 12, 2019

When deciding whether to lease or buy equipment or other fixed assets, there are a multitude of factors to consider, including tax implications.

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Reporting Stock Compensation Paid to Non-employees

Reporting Stock Compensation Paid to Non-employees

By Froehling Anderson | Mar 6, 2019

Good news for businesses that pay contractors and consultants with stock or stock options: The accounting rules for stock-based compensation have been simplified. Under recent guidance issued by the

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Home Office Deductions: Actual Expenses vs. the Simplified Method

Home Office Deductions: Actual Expenses vs. the Simplified Method

By Froehling Anderson | Feb 25, 2019

Business owners may be able to save tax with the home office deduction. But will you save more by claiming actual expenses or using the simplified method?

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Auditing Cashless Transactions

Auditing Cashless Transactions

By Froehling Anderson | Feb 21, 2019

Who pays with cash anymore? Many customers prefer electronic payment methods, such as credit cards, PayPal, Venmo or even Bitcoin. But modern forms of payment require a modern audit approach.

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What LLC Members Need to Know About Self-employment Tax

What LLC Members Need to Know About Self-employment Tax

By Froehling Anderson | Feb 19, 2019

Limited liability company (LLC) members may be subject to back taxes and penalties if they underpay self-employment tax. Find out if your business could be at risk.

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C Corporation Tax Truths

C Corporation Tax Truths

By Froehling Anderson | Feb 5, 2019

Most C corporations are seeing a significant tax cut under the Tax Cuts and Jobs Act (TCJA). But there are still certain tax vulnerabilities for these entities that haven’t changed much. Check out

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Possibility of Larger Deductions for Business Miles this Year

Possibility of Larger Deductions for Business Miles this Year

By Froehling Anderson | Jan 17, 2019

Businesses generally can determine their vehicle expense deductions either by calculating the actual expenses or using the IRS’s standard mileage rate, which has increased for 2019. Your business may

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Post-M&A Financial Statements

Post-M&A Financial Statements

By Froehling Anderson | Jan 8, 2019

M&A volume skyrocketed in 2018. However, before you close on a prospective deal, it’s important to consult with your auditor and make sure your post-M&A financial statements comply with U.S.

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Tax Planning Exit Strategies for Business Owners

Tax Planning Exit Strategies for Business Owners

By Froehling Anderson | Jan 4, 2019

Your exit strategy may not be the first thing that comes to mind when thinking about tax planning for your business. But it should be a key element to look out for your own financial future.

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