Innocent Spouse Relief - What is it, and how does it work?
Have you ever ended up with a surprise tax bill because of something your spouse or ex-spouse did. You may be eligible for relief.
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Steve Julal
Sep 10
Year-End Tax Planning
The end of the year is fastly approaching. Here are some strategies business owners can adopt to reduce their tax bill.
Steve Julal
Aug 21
Tax Implications of Selling Business Property
When selling business property, it's important to recognize that different types of property are subject to different tax rules. Learn more.
Steve Julal
Aug 19
Control Costs by Focusing on these 3 Business Areas
Managing costs is crucial for any business. With recent economic and logistic shifts, businesses can control costs by analyzing 3 key areas.
Steve Julal
Aug 19
Consider Borrowing from your Corporation? Be Mindful of Two Key Risks
Did you know? If you own a closely held corporation, you can borrow funds from your business at rates lower than those charged by a bank.
Steve Julal
Aug 14
4 Ways Businesses can Control Cash Flow
From day one, business owners should keep a close eye on cash flow. Here are four strategies to help control cash flow better.
Steve Julal
Aug 1
What to Expect as the Tax Cuts and Jobs Act (TCJA) Provisions are Scheduled to Expire
On December 31, 2025, the TCJA and other tax provisions are set to expire. Here are 4 possible outcomes to prepare for.
Steve Julal
Jul 23
Should you Convert your Business from a C to an S Corporation?
There are several factors to consider when converting from a C to an S corporation. Consider these four tax issues you may face.
Steve Julal
Jun 27
Tax Tips for Buying the Assets of a Business
When buying a business, the structure of the transaction CAN significantly impact your tax results after the acquisition. Read for tips.
Steve Julal
Jun 17
Partnership Related Expenses: When are Partners Expected to Incur the Expenses?
Typically, partners are not personally liable for partnership-related expenses, but there are exceptions to this rule. Read More.
Steve Julal
May 28
Income vs Deductions: When Should Businesses Handle Income and Deductions Differently
When businesses may want to take a contrary approach with income and deductions
Steve Julal
May 17
Why Some Small Businesses Choose to Execute a Pivot Strategy
Why Some Businesses Choose to Execute a Pivot Strategy
Steve Julal
Apr 25
What are your financial statements trying to tell you?
Business owners, your financial statements are more than just numbers on a page. They're crucial and deserve more of your attention.
Steve Julal
Apr 23
3 Tips to Follow after you File your Tax Return
Taxes are filed and accepted! After filing, follow these 3 tips.
Steve Julal
Apr 17
Keys to Less Painful IRS Audits - With Case Study
Thorough record-keeping and legitimate business expenditures are very important for less painful IRS audits.
Steve Julal
Apr 3
Q2 2024 Business Tax Dates
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024.
Steve Julal
Mar 28
The Best Accounting Method Route for Business Tax: Cash or Accrual
Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take?
Steve Julal
Mar 14
Take a Business Trip with your Spouse? Here’s What you Should Know about the Business Expense Write Off
As a traveling business owner with your spouse, you may consider claiming your travel expense as deductions. Discover what is deductible.
Steve Julal
Mar 12
9 Tax Considerations when Starting a Business as a Sole Proprietor
When embarking on a small business endeavor as a sole proprietor, there are nine key tax factors to consider. Read to learn more.
Steve Julal
Feb 22
Qualified Small Business Corporation (QSBC) Benefits
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a smart idea, tax-wise that is. Learn why.
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