Tax

Emil @ CPA Contractors wrote: It’s important to understand how taxes factor into M&A transactions

In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Stocks vs. assets From a tax standpoint, a transaction can basically be structured in two ways: 1. Stock […]

Emil @ CPA Contractors wrote: It’s important to understand how taxes factor into M&A transactions Read More »

Emil @ CPA Contractors tips: Spouse-run businesses face special tax issues

Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The partnership issue An unincorporated business with your spouse is classified as a partnership for federal income tax purposes, unless you can avoid that treatment. Otherwise, you must file an annual partnership return, on Form

Emil @ CPA Contractors tips: Spouse-run businesses face special tax issues Read More »

Emil @ CPA Contractors wrote: Update on depreciating business assets

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments for 2023 were big. Here are the numbers that small business owners need to know. Section 179 deductions For qualifying assets placed in service in

Emil @ CPA Contractors wrote: Update on depreciating business assets Read More »

Scroll to Top