Posted on 2/26/2019 9:09 AM By Boulay
Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why? The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for these "pass-through" entities.
Posted on 1/25/2019 9:31 AM By Boulay
When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate tax rates. But the TCJA also includes a generous deduction for smaller businesses that operate as pass-through entities, with income that is "passed through" to owners and taxed as individual income.
Posted on 1/22/2019 11:18 AM By Boulay
File Download: Fourth Quarter 2018 Market Perspective
Posted on 1/18/2019 12:21 PM By Boulay
The IRS has some good news for certain taxpayers — it’s waiving underpayment penalties for those whose 2018 federal income tax withholding and estimated tax payments came in under their actual tax liabilities for the year. The waiver recognizes that the Tax Cuts and Jobs Act’s (TCJA’s) overhaul of the federal income tax regime made it difficult for some taxpayers to determine the proper amount to have withheld from their paychecks or include in their quarterly estimated tax payments for 2018.
Posted on 12/7/2018 9:52 AM By Boulay
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us at learnmore@BoulayGroup.com or 952.893.9320 to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.
Posted on 11/27/2018 11:31 AM By Boulay
The IRS has announced its 2019 cost-of-living adjustments to tax items that might affect you. Many of the amounts increased to account for inflation, but some remained at 2018 levels. As you implement 2018 year-end tax planning strategies, be sure to take these 2019 adjustments into account in your planning.
Posted on 11/7/2018 1:11 PM By Boulay
File Download: November Economic Update
Posted on 11/6/2018 8:52 AM By Boulay
The Internal Revenue Service has issued the 2019 annual limitations for qualified retirement plans and Social Security. Click here to view the contribution, compensation and other limitations for 2019 and prior years that may affect you.
Posted on 10/24/2018 8:50 AM By Boulay
File Download: Third Quarter 2018 Market Perspective
Posted on 7/21/2017 8:01 AM By Boulay
You may be tempted to forget all about taxes during summertime, when “the livin’ is easy,” as the Gershwin song goes. But if you start your tax planning now, you may avoid an unpleasant tax surprise when you file next year.
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