We’ve discussed the personal tax (Part 1and Part 2) provisions of the newly enacted tax law. Over the next three days, we’ll discuss the business provisions of the law.
Continue reading Business Taxes under PL 115-97 (part 1)
You know how I feel about corporations and their commitment to shareholders, employees, and communities. Well, this is a warning how one company that’s been trying to do all the right things may be subject to a plundering.
Continue reading It’s what we do, not what we say
As long as you do not operate as a partnership (partners only get a draw, fully subject to all taxes, including payroll taxes), the owners of an enterprise are expected to be paid a salary. That’s the IRS position- the one that counts.
Continue reading Are you reasonable?
A lot of you (whether or not you are my clients) are going to get a load of …. from your tax advisors from now on. Because there seems to be no end to the potential penalties the IRS can impose on tax professionals- due to the failure of his/her clients!
Continue reading Pay now or fine later?
As I have recently written, the SEC (US Securities and Exchange Commission) is not currently enforcing the rules about executive pay reporting. This, despite the fact that most public companies pay excessive salaries to their executives. And, the IRS rarely challenges the pay that these public companies afford their bloated executive ranks.
Continue reading Goldilocks makes decisions for the IRS now?