ConnollySteeleDec 28, 20222 minHow to minimize the S corporation LIFO recapture taxIf you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using...
ConnollySteeleNov 21, 20222 minIs your business closing? Here are your final tax responsibilitiesBusinesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration,...
ConnollySteeleApr 6, 20222 minFully deduct business meals this yearThe federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19...
ConnollySteeleFeb 28, 20223 minThe election to apply the research tax credit against payroll taxesThe credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break...