Top 10 Red Flags That Trigger An Audit
Let’s face it, none of us ever want to hear the words “IRS audit”. The good news is that the odds of being audited by the IRS are at the lowest levels […]
Meals & Entertainment Will Never Be the Same!
So are entertainment expenses really not deductible anymore? How about meals? The new tax reform has brought an endless amount of change to tax law, and one of the most interesting parts […]
Statement of Information: What You Need To Know
One often time overseen, but extremely important document is the Statement of Information. If this statement is not filed correctly and on time, then you run the risk of everything from penalty […]
BEWARE: The Government Won’t Call You
Unfortunately, it is a dangerous world that we live in. It seems as though there is a new hazard waiting around every corner that we turn. One such danger that is widespread […]
Itemized Deduction Changes: SALT
One of the most lucrative deductions for many years has been the deduction for state and local taxes (SALT). This is especially true if you live in California, New York, or New […]
Online Sales Tax… 26 Years In The Making
Online retailers are not small businesses scraping their way to a measly profit anymore. They have grown exponentially and have come to include some of the largest businesses in the world. Obviously, […]
Why You Should Hire Your Kids
There are plenty of reasons for parents to want their children to get a job at a young age. It can help develop a strong work ethic during important developmental years, enable […]
Alimony and The Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA) has many facets affecting all kinds of tax law. One of the changes that doesn’t get the spotlight all that much, but is just as […]
Net Operating Losses And The TCJA
Whether you are a company that’s just starting out or are within an industry subject to seasonal long-term trends, having a net operating loss (NOL) in one year and net income in […]
Paragon Accountants’ Year End Checklist
When it comes to getting everything squared away in your business before year end, things can get stressful. This checklist can help you collect all the items that you need before the […]
Business Advantages in Puerto Rico
It’s been said that nothing is certain, except death and taxes. While we can’t do much to lessen the certainty of the former, we may have a solution to the latter through […]
Tax Reform Changes To Depreciation
By now, you’ve heard of the tax rate changes, qualified business deduction, and the doubling of the standard deduction – but did you know the Tax Cuts and Jobs Act also changed […]