The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each […]
Inflation enhances the 2025 amounts for Health Savings Accounts Read More »
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying
Emil @ CPA Restaurant gives you Tax tips when buying the assets of a business Read More »
Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures
Should you convert your business from a C to an S corporation? Read More »
Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation
The tax advantages of including debt in a C corporation capital structure Read More »
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate:
Growing your business with a new partner: Here are some tax considerations Read More »
It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur
When partners pay expenses related to the business Read More »
Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But
When businesses may want to take a contrary approach with income and deductions Read More »
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current
Emil @ CPA Restaurant wrote – Don’t have a tax-favored retirement plan? Set one up now Read More »
If you operate a business, or you’re starting a new one, you know records of income and expenses need to
