What Is the Gross Receipts Test for Small Businesses?
Understand the IRS gross receipts test, a key calculation determining if your business can access simplified accounting rules and bypass complex tax regulations.
Understand the IRS gross receipts test, a key calculation determining if your business can access simplified accounting rules and bypass complex tax regulations.
Understand the payroll tax process by clarifying the shared duties of employers and employees, from withholding calculations to government remittance.
Understand the official tax filing cutoff and other key deadlines that impact your return, payments, extensions, and potential refunds.
Learn the framework for exchanging management fees for a profits interest, a strategy centered on tax efficiency and entrepreneurial risk.
Move beyond a simple list of deductions. Learn a complete system for managing your musician finances, from essential record-keeping to filing your tax return.
Understand the historical framework for mitigating double taxation on foreign earnings and why its legacy continues to affect corporate tax planning.
Navigate the requirements for the FICA tip credit using Form 8846. Learn how this general business credit applies to employer FICA taxes on qualifying tips.
Explore the principles guiding the modern accounting treatment of goodwill, which ties an asset’s reported value to its ongoing economic performance.
Understand the differing tax timing rules for advance rent, clarifying when landlords must report income versus when business tenants can claim a deduction.
Navigate the formal requirements for requesting an advance IRS determination on a specific tax issue according to the framework of Rev. Proc. 2019-1.
Recent legislation has altered the framework for required retirement account withdrawals. Learn the current rules impacting both account owners and their beneficiaries.
Explore the framework for establishing and maintaining a small business 401k, covering essential plan design choices and ongoing compliance obligations.
Complete New York’s Form IT-2104 correctly to ensure your tax withholding is accurate. This guide helps align your paycheck with your financial situation.
Navigate the requirements for paying Washington sales tax. This guide provides a clear path for businesses to correctly remit payments to the state.
Learn the standard procedure for allocating the cost of specific long-term business assets over a 10-year timeframe for accurate tax accounting.
Explore the accounting principles of ASC 410-20 for measuring and reporting the future obligations tied to the retirement of long-lived tangible assets.
Explore the structure of railroad retirement, a system with two distinct benefit components, unique tax rules, and provisions for spouses and survivors.
Learn how Section 7702b of the tax code provides the framework for qualified long-term care insurance, defining its structure and tax advantages.
Understand the informational filing obligations for issuers of debt involved in a financial transaction between a private foundation and a related party.
An analysis of Pub L 111-147, a law with dual objectives: stimulating domestic employment and increasing global financial transparency for tax purposes.