by O'Connor & Drew, P.C. | Feb 12, 2019 | Tax
TAX Fundamental Tax Truths for C Corporations 12 February 2019 The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations...
by O'Connor & Drew | Jan 14, 2019 | Tax
TAX A Refresher on Major Tax Law Changes for Small-Business Owners 14 January 2018 The holidays have come and gone and the new year is upon us which means that the 2018 income tax filing season is here. After year end, it’s generally too late to take action to reduce...
by O'Connor & Drew | Oct 16, 2018 | Tax
TAX 529 Plans Offer Two Tax-Advantaged Education Funding Options 16 October 2018 Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings plans. And one of these plans...
by O'Connor & Drew | Oct 10, 2018 | Tax
TAX Assessing the S Corp 10 September 2018 The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not all businesses are eligible – and, with the new 21%...
by O'Connor & Drew | Oct 10, 2018 | Tax
TAX 2018 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers 10 September 2018 Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so...
by O'Connor & Drew | Aug 28, 2018 | Tax
TAX Choosing the Right Accounting Method for Tax Purposes 28 August 2018 The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — available to more...
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