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Business Tax Issues

Practical discussion of business tax planning, compliance, and emerging issues.

What’s the Gig Deal? Part 2

What’s the Gig Deal? Part 2

What’s the Gig Deal? Part 2 In this second installment looking at the gig economy, Tom dives into worker status. Should they be classified as an employee or as an…
What’s the Gig Deal?

What’s the Gig Deal?

What’s the Gig Deal? The number of people working “gig” jobs, such as food delivery and driving for ride-sharing services, certainly seems to have gone up during this time of…
Demolishing Farm Buildings and Structures – Any Tax Benefit?

Demolishing Farm Buildings and Structures – Any Tax Benefit?

Demolishing Farm Buildings and Structures – Any Tax Benefit? The acquisition of a farm or changes in the farming business may lead to the need demolish existing buildings and structures. …
S Corp and Partnership due [March 16, 2020]

S Corp and Partnership due [March 16, 2020]

S Corp and Partnership due today [March 16, 2020] Given the uncertainty floating around right now, the due date for these S Corp and Partnership returns may change. Regardless, Tom…
Is Your Client’s Activity a Hobby or a Business?

Is Your Client’s Activity a Hobby or a Business?

Is Your Client’s Activity a Hobby or a Business? Pick a Little Talk a Little Pick a Little Talk a Little… …Cheep cheep cheep talk a lot pick a little…
Sole Proprietorship vs. S Corporation

Sole Proprietorship vs. S Corporation

Sole Proprietorship. S Corporation. Which entity choice is best for your taxpayer?? Let’s Get Ready To Rumble! Does a Sole Proprietorship ‘trump’ an S Corporation during the TCJA years? In…