By Robert Jackson and Kathy Davis While the Infrastructure Bill passed by the House on Friday, November 5, did not contain much in the way of tax legislation, it did retroactively put an end to the Employee Retention Credit (ERC) as of the end of the 3rd quarter for all employers other than “recovery startup …
By Matt Silla, ASA, CFA | Principal October 12, 2021 The U.S. House of Representatives recently released a bill impacting both personal and corporate taxes for those above certain income levels. While the ultimate outcome of what will become law is unknown, business owners should begin to assess potential changes and what they could mean …
The ESOP 1042 Transaction Could Become More Attractive For Selling Business Owners Read More »
Year-end is upon us and what better time for business owners to switch to Apple Growth Partners for their tax and business advisory needs. Today, Chuck & Brittany are joined by Christine Waltjen, director of tax, to share how easy it is for business owners to switch accountants and why the beginning of the new …
Stimulating developments have occurred recently to reestablish important tax deductions for small business owners in Ohio. Early in June: The Ohio House of Representatives passed their version of a state budget, including an increase of $1.2 billion in business taxes. The House budget cuts personal income tax rates by 6.6% but switched tax burden to …
By Bob Neides, CPA Opportunity Zone investments offer a unique “opportunity” to defer, reduce, and even eliminate having to pay tax on certain capital gains. Created from provisions in the Tax Cuts and Jobs Act of 2017, according to Investment News, “Opportunity Zones are specifically designed to incentivize investment in economically distressed communities and, for …
By John Valle, CPA, MTax | Principal, Tax The tax reform changes signed by President Trump in December 2017 are the most extensive overhaul of the tax system since 1986. With the changes came a lot of new buzzwords thrown around when discussing tax reform. While the provisions impact all types of businesses, what does it …
Translating Tax Reform for the Transportation Industry Read More »
By John Valle, CPA | Principal, Tax The tax reform changes under the Tax Cuts and Jobs Act brought the most extensive overhaul of the tax system in more than 30 years. These changes impact nearly every industry, with trucking and transportation included. One of the biggest questions for carriers and fleet owners is whether …
By John Valle, CPA | Principal, Tax The changing scenery. Experiencing polar opposite climates in the same day. State-themed rest stops with the best of local vendors. There are multiple benefits to truck drivers crossing state lines daily for weekly routes. But what does this mean for taxes? Filing taxes is confusing enough but adding …
By Kristy Angerstien | Supervisor, Tax While it seems more cooking shows are appearing on cable and streaming services, studies show Americans are still preferring to eat outside their home. A 2017 report stated the average household spends $3,008 per year on eating out. The benefits for restaurant diners are endless: convivence, fast, no mess, …
Table for Two – Tax Updates for Restaurant Owners Read More »
