One of the biggest changes under the Tax Cuts and Jobs Act (TCJA) is the permanent installation of a flat 21% federal income tax rate for C corporations for tax years beginning after 2017.
C Corporations – Tax Reform Affecting Tax Planning
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Business Tax
Tax Issues When Planning for Your Business in 2018
The Tax Cuts and Jobs Act makes sweeping changes.
Expanded Tax Breaks for Business Vehicles
The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles used more than 50% for business purposes.
Tax Law Changes Meal and Entertainment Deductions
Once upon a time, taxpayers could generally deduct 50% of business-related meal and entertainment expenses.
How Does Self-employment Tax Work
Every day, individuals transition from working for an employer to being self-employed.
Vehicle Expense Deductions – Follow Detailed Recordkeeping Rules
Many business owners fail to follow the strict tax rules for substantiating vehicle expenses.