Tax Planning Guide
ARE YOU CONFIDENT YOU ARE DOING EVERYTHING TO MINIMIZE TAXES FOR YOUR BUSINESS?
If not, it may be time to work with an experienced CPA and review your current situation. Planning is the key to successfully understanding and minimizing your tax liability. This Tax Planning Guide provides tips to help minimize your business tax liability, summarizes complex tax regulations, identifies common business deductions, and much more!
Explore Tax Insights
Updated: BOI suspended (again)
On December 26, 2024, a Fifth Circuit panel reinstated a nationwide injunction blocking the enforcement of the Corporate Transparency Act (CTA), just three days after they lifted the injunction originally imposed by a Texas district court. As a result, the...
BOI Reporting Reinstated: January 13, 2025 Deadline
On December 23rd, the Fifth Circuit Court of Appeals granted a DOJ motion to lift an injunction put in place by a Texas district court. With the injunction lifted, BOI filing is due on January 13th, 2025 for most filers. As a result of this ruling, the previous...
Steps to Organize for Tax Preparation
As we approach the end of the year, Smith Schafer would like to help you reduce the stress related to filing taxes. It is important to organize your receipts, forms, and other documents well before tax time.