Business Tax | Avodah Law Group

Tax Planning for Your Business

by: Charles Lee, CPA As we have entered into the second half of tax year 2023, it is a good time to start thinking about tax planning and saving taxes. For businesses that have operated during 2020 and 2021, there is a popular payroll tax refund program called the...

Tax Planning for You and Your Business

Business, Business Tax |

by: Mihye Joy When I first opened my art studio and gallery as an S-Corporation in 2010, I can still remember the first meeting with my CPA. Not all business owners have a business and/or finance background that enables them to understand how business tax works, and I...

End of the Year Income Tax Issues to Consider

Business Tax, Tax |

By Braid DeWeese Many people will find that their income has fluctuated in some way in 2020, because of job loss, a change in hours, or a shift in your bonus and Covid-19 restrictions. The best place to start is with your latest paystub and see how your year-to-date...

Top Five Tax Tips for Year End Planning

Business Tax, Tax |

By Joe Abesamis 2018 brought a host of new changes to the tax code. For example, corporate tax rates were reduced from 35% to 21% and the Corporate Alternative Minimum Tax (AMT) was eliminated. For Individuals, a new 20% deduction for most pass-through income was...

Your Business May Be Subject to Sales and Use Tax: the Impact of South Dakota v. Wayfair, Inc. (2018)

Business Tax |

By Eugene Kim, Esq./CPA and John J. Kim, CPA On June 21, 2018, in South Dakota v. Wayfair, Inc., the U.S. Supreme Court removed the physical presence requirement for states to be able to impose sales and use tax collection obligations on retailers. Those of you with...

Own Any Overseas Assets? Then Form 8938 May Apply to You

Business Tax, International Tax |

by Jim Curtis, JD In this largely shrinking global neighborhood that we live in, as the world gets smaller, many of us may have (or know someone who has) assets such as real estate or bank accounts in other countries. Some of us may have also set up foreign entities...