The charts on this brochure compare and contrast accounting and recordkeeping, fringe benefits, and liabilities of the various business entity types. – Download PDF
This brochure gives a listing of pros and cons for the various types of business structures. It also provides examples of types of businesses that are good fits for each entity type. – Download PDF
This brochure provides a simple worksheet for business owners to track expenses. It can be used as a ledger or as a summary for business owners to complete and provide to their tax preparer. – Download PDF
This brochure explains the problems that occur when business owners intermingle business funds with their personal funds. Court case summaries provide a warning to business owners as to the problems that can occur. – Download PDF
This brochure has tips on starting and maintaining a business. – Download PDF
This brochure discusses the tax consequences of removing money from a business. The tax implications of wages, guaranteed payments, and dividends are explained. – Download PDF
This brochure outlines the expenses that are deductible for business use of the home. The use of the home for day care facility is also highlighted. – Download PDF
Buy-sell agreements are usually part of a succession plan put in place to protect the financial interests of the owners of closely held companies and their heirs and to protect the company’s stability in case of a major event. – Download PDF
Recent legislation, such as the Families First Coronavirus Response Act and the Coronavirus, Aid, Relief, and Economic Security (CARES) Act has provided some financial and tax relief for certain taxpayers. This is a summary of some of the provisions for businesses. – Download PDF
This brochure provides guidance on what to do to maintain corporate tax filing status. It lists the requirements of all corporations and provides an outline of how to comply with those requirements. – Download PDF
This brochure provides guidance on recordkeeping of income and expenses for day care providers. It also provides information for calculating the business use of the home for day care providers. – Download PDF
This brochure discusses the factors used in determining whether someone is an employee or an independent contractor. It also provides information on how to report the incorrect treatment of an employee as independent contractor. – Download PDF
This brochure defines the requirement to pay taxes through withholding and/or estimated payments. It includes estimated tax payment due dates. – Download PDF
This overview focuses on changes for individuals whose business deductions exceed gross income. Information includes the new excess business loss limitation, pass-through entities, and net operating losses. – Download PDF
This brochure contains information about employers reimbursing employees. – Download PDF
Should I use the cash, accrual, or a different accounting method? – Download PDF
This brochure provides a method for farmers to keep track of fuel expenses and explains the requirements for claiming fuel tax credits and refunds. – Download PDF
If you makes payments in the course of your trade or business you may be required to report on Form 1099-MISC. – Download PDF
Request for Taxpayer Identification Number and Certificate. – Download PDF
This brochure highlights the benefits and uses of fringe benefits. – Download PDF
This brochure provides information on the subsidy for individuals with high-deductible health insurance plans and how to apply for the subsidy. – Download PDF
This brochure describes the employer requirement to provide health insurance including the penalty for employers who do not offer coverage. – Download PDF
The Health Insurance Marketplace helps uninsured people find health coverage. – Download PDF
This brochure explains how the state health insurance exchanges operate and how to apply for coverage. – Download PDF
This brochure explains the deduction limitation for activities that are considered a hobby and lists the factors that may determine whether an activity is a hobby or a business. – Download PDF
This brochure describes when inventory accounting is required, expenses included in the cost of goods sold and inventory valuation methods. – Download PDF
This brochure explains how an LLC operates and how to form an LLC. Information is also provided on the classification of an LLC which will determine the proper tax filing for the LLC. – Download PDF
This brochure provides some tips on marketing a business and promoting the products and services of the business. – Download PDF
The log provides a worksheet for taxpayers to track mileage and expenses and discusses the tax deductibility of those miles and expenses. It also provides the entries needed to be compliant with IRS regulations. – Download PDF
This handout contains information for on-demand drivers, such as Uber or Lyft drivers, on tax reporting of income and expenses. Included is guidance on additional expenses that may be tax deductible. – Download PDF
This brochure provides a description of how partnerships work and explains the tax reporting requirements of the partnership and its partners. Advantages and disadvantages of a partnership are also discussed. – Download PDF
This overview focuses on the new 20% deduction for qualified income from a business. – Download PDF
This brochure explains the type of records which should be kept and the retention period of those records. The information is beneficial for recordkeeping of individual tax records and also for recordkeeping of business tax records. – Download PDF
This brochure discusses the special rules that apply to real estate professionals in the rental business. – Download PDF
There is uncertainty for some as to whether rental real estate qualifies as a trade or business for purposes of the QBI deduction. The IRS has provided a safe harbor under which a rental real estate enterprise will be treated as a trade or business solely for purposes of the QBI deduction. – Download PDF
This brochure provides information which will help determine whether a current business deduction can be taken for expense incurred on business assets, or whether the expense must be capitalized and depreciated. – Download PDF
This brochure explains what a taxpayer needs to know about S corporations, including the business formalities and tax filing. It includes a comparison of the advantages and disadvantages of an S corporation. – Download PDF
This brochure discusses who pays self-employment tax for Social Security and Medicare. – Download PDF
This brochure contains information for taxpayers who rent out their home, a room in their home or a vacation home. Included is guidance on tax-free rental use and when substantial services are provided. – Download PDF
This brochure explains what the tax credit is and provides a worksheet to calculate the premium amount eligible for the credit. – Download PDF
This brochure provides guidance on establishing a business and provides an outline for creating a business plan. It is also helpful in creating a personal financial statement. – Download PDF
This brochure contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on changes corporate clients are likely to be interested in. Corporate information includes the new corporation tax rates, alternative minimum tax, accounting methods, and S corporation conversions to a C corporation. – Download PDF
This brochure contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on depreciation changes clients are likely to be interested in. Information includes the Section 179 deduction, special (bonus) depreciation, luxury automobiles, and qualified improvement property. – Download PDF
This brochure contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on changes employers are likely to be interested in. Information includes the modification of certain fringe benefits and a new credit for paid family and medical leave. – Download PDF
This brochure explains the circumstances under which an individual can claim a deduction for using their vehicle for business purposes. – Download PDF