QuickBooks
2026 Tax Law Changes for Businesses
Several important tax law changes are taking effect this year that could significantly impact businesses.
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Officer Compensation: “Non-Wage” Distributions
A recent Tax Court case outlined a situation we see quite often with our clients. In this case, the taxpayer was the sole shareholder of a professional association (taxed as a corporation) which performed medical services. He, himself was a...
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Abating Tax Penalties: Dealing With Those IRS Notices
IRS penalties. At some point in almost everyone’s life, it seems, we will receive greetings from the IRS which includes a penalty. The penalty could result from filing or paying your taxes late or misstating your income or deductions on your...
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Avoiding An Audit: Understanding Your DIF Score
Understand How To Avoid An IRS Audit Uh oh! What starts out as a normal day suddenly becomes dark and foreboding when you open your mailbox and receive a special invitation from your friends at the local IRS office. If you are like most of our...
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Executive Compensation: The IRS And Company CEOs
The IRS Has Its Eye On Executive Compensation A recent court decision demonstrates once again that the IRS is examining executive compensation with a critical eye and companies with potentially excessive comp packages had better be prepared to...
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Tax Relief And Job Creation Act of 2010
The Tax Relief And Job Creation Act Passed on December 17, 2010 After much debate over whether to extend the Bush-era tax cuts for all taxpayers, congress finally passed and the president signed, the Tax Relief and Job Creation Act of 2010 (the...
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Small Business Jobs Act of 2010
Small Business Jobs Act Passed in September 2010 In September, 2010, Congress passed and the President signed into law the 2010 Small Business Jobs Act (Act). The Act is intended to boost business spending and provide jobs by offering tax breaks...
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The American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of February, 2009 The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law on Feb. 17, 2009 and makes a number of beneficial changes for both individuals and businesses...
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2008 Emergency Economic Stabilization Act
The Emergency Economic Stabilization Act of 2008 After several months of declining stock markets and frozen credit markets, Congress acted quickly to pass the Emergency Economic Stabilization Act of 2008. In addition to the financial bailout...
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