Posts Tagged ‘Business Tax’
Flexibility Unlocked: Why Selecting an LLC is Your Best Move
by Jessica Egenasi At a glance: Schedule a consultation Starting a business can bring out a slew of emotions for business owners from feeling excited for all the new possibilities to overwhelmed with important decisions, like choosing the right business structure. While there are several business structure options, a limited liability company (LLC) continues to…
Read MoreHouse Passes Budget Resolution
On Tuesday, February 25, the House of Representatives narrowly passed a budget resolution that would extend measures from the 2017 Tax Cuts and Jobs Act (TCJA) and enact additional spending cuts. Approval of the budget resolution is a key step in the budget reconciliation process, which is an expedited process lawmakers are relying on to…
Read MorePresident Trump’s 2025 Executive Orders: How They Impact Your Business
At a glance Connect with Aprio to discuss how these actions could impact your business. Overview of President Trump’s 2025 executive orders Since President Donald Trump began his second term on January 20, 2025, he has issued an array of executive actions that could have significant implications for various sectors. In addition to rescinding 78…
Read MoreDebt vs. Equity Financing: What Your Business Should Know
At a glance: Schedule a consultation Full story Growing a business venture presents many challenges. One of the most common is obtaining outside investments to finance that growth. For businesses to obtain funding, there are two predominate methods they can use — debt financing or equity funding. Over the past few years, there has been…
Read MoreArkansas Dealership’s Use of Vehicles in Inventory Triggered Sales Tax Assessment
By: Jeff Glickman, SALT Partner At a glance Schedule a free consultation today to learn more! The full story It is a well-settled rule that no sales tax is imposed when a business purchases items that are placed into inventory to be resold. This is commonly referred to as a “sale for resale” and reflects…
Read MoreAprio Releases 2024 End-of-Year Tax Update
The tax guide provides a recap of 2024 tax updates and associated factors that could have significant impact on tax planning for 2025 ATLANTA – Oct. 30, 2024 –Aprio, a top 25 business advisory and accounting firm, has released its 2024 End of Year Tax Update, highlighting 2024 tax updates and factors that will significantly…
Read MoreAprio’s 2024 End of Year Tax Update
As we have in prior years, Aprio is privileged to offer you our year-end tax planning guide. In this year’s guide, we review evergreen planning strategies while also discussing key dynamics, such as the expiration of notable tax provisions and the political landscape, that will make planning for the 2025 tax year particularly challenging.
Read MoreEmployee Retention Credits in M&A Transactions
At a glance Are you ready to learn more? Schedule a conversation with our team. The full story: ERCs may have started as a helpful tool for businesses suffering from the COVID-19 pandemic, but they didn’t stay that way for long. Now, just three years later, ERCs have earned a place on the IRS’s “Dirty…
Read MoreIRS Delays Digital Asset Reporting Requirements for Brokers
At a glance The full story: In December, the IRS issued an important announcement delaying Form 1099-B reporting requirements for digital asset transactions. Currently, our understanding is that the IRS will create a new form called IRS Form 1099-DA [Digital Assets] to use when reporting digital asset transactions. The Infrastructure Investment and Jobs Act (P.L.…
Read MoreIRS Offers Limited Relief from Filing Schedules K-2 & K-3 for Certain US Partnerships and S Corporations
At a glance Schedule a consultation with an Aprio Tax Adviser Today. The full story: Beginning with the 2021 tax year, all US partnerships and limited liability corporations (LLCs) taxed as partnerships were required to complete and file new Schedules K-2 and K-3 with their Form 1065 Income Tax Return. According to the IRS, the…
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