Strategic business tax planning and filing guides for S-Corps, C-Corps, LLCs, and Partnerships. Explore tax optimization strategies tailored to every stage of your business growth.
How should businesses account for government grants under US GAAP? US GAAP has no comprehensive standard for business government grants, so entities apply an accounting policy by analogy — typically IAS 20 (deferred income or net asset reduction), ASC 958-605 contribution model, or revenue recognition — and now must comply with ASU 2024-04’s enhanced disclosure…
What are the most important state tax updates April 2026? Multiple states moved on OBBBA conformity (Oregon, Maine, Kentucky, New Mexico), Maine created a new PTET and 2% high-income surcharge, Wisconsin extended R&D credit carryforwards to 50 years, Kentucky added a 14.25% prediction-market excise, and Washington’s new 9.9% personal income tax on income over $1M…
Is an APA the right tool for your multinational’s transfer pricing strategy? An advance pricing agreement 2026 locks in an IRS-approved transfer pricing method for up to five prospective years, eliminating audit risk and double taxation for multinationals operating between the US and foreign jurisdictions. For multinational companies with intercompany transactions crossing US borders, transfer…
Is your partnership ready for the 2026 BBA changes? Form 8979 was revised September 2025 and AAR procedures updated for 2026. Learn what LA partnerships and CPAs must know about the latest BBA partnership audit 2026 rules. If you manage a partnership, LLC, or real estate syndicate with complex K-1 filings, the IRS just handed…
Can tax firms finally manage their CAF digitally? The IRS Tax Pro Account now gives tax firms business-level control over their CAF relationships, letting designated representatives manage employee authorizations, link CAF to EIN, and reduce paper workflows. On February 9, 2026, the IRS announced a significant upgrade that tax-preparation companies, accounting firms, and professional organizations…
Is the DOL changing how independent contractors are classified? Yes — a proposed 2026 rule introduces a two-core-factor economic reality test that could reshape how your business classifies 1099 workers under federal law. The comment period closes April 28, 2026. The Department of Labor has just shaken up the gig economy landscape again. If your…
How much does a 401(k) really cost a small business? With the small business 401k tax credit under SECURE 2.0, employers with 50 or fewer workers can claim up to $5,000 per year in startup cost credits for three years — effectively making retirement plans nearly free to launch. If you own a small business…
What are the most important multi-state tax developments in April 2026? The Deloitte State Tax Matters April 2026 report (Issue 2026-14) highlights critical developments including Utah’s new Targeted Advertising Tax, state decoupling from federal bonus depreciation rules, Maryland’s disconformity from the OBBBA, and Indiana’s limited tax amnesty program — all with significant implications for multi-state…
Can my partnership or nonprofit now access the IRS Business Tax Account? Yes — the IRS Business Tax Account has expanded in 2026 to include partnerships, government entities, and tax-exempt organizations, giving millions more entities digital access to their federal tax information without relying on paper or phone. For years, small business owners, CPAs, and…
What is California’s new 12-digit business entity ID number? Since 2025, the California Secretary of State has been issuing a new California business entity ID number in a 12-digit alphanumeric format to newly formed corporations, LLCs, and limited partnerships. When using FTB Web Pay or tax preparation software, you must enter only the numeric digits…
