Alloy Silverstein’s articles and insights are updated weekly. Stay tuned for the latest tips and news on managing your business, the latest tax law, preventing fraud, preparing your taxes, and more.
Tax credits are one of the best tax-reduction tools for your business because they directly decrease your tax bill dollar for dollar. The business research and experimentation credit, also called the “R&D credit” could be…
Read More...Most Americans get a refund every year, with the average check weighing in at $2,895 last year. Even though it’s really money that they earned, many people are tempted to treat it like a windfall…
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A new deduction introduced by the Tax Cuts and Jobs Act of 2017 is the Qualified Business Income (QBI) Deduction, one of the biggest changes for pass-through entities under tax reform. This is a new deduction for…
Read More...Alloy Silverstein’s Tax Tip of the Week The new Tax Cuts and Jobs Act (TCJA) includes significant changes for individuals and businesses alike, enhancing some tax breaks and eliminating or reducing others. One new provision…
Read More...Note: On June 21, 2018, the U.S. Supreme Court ruled in favor of the states in the South Dakota v. Wayfair case, granting them greater power to require out-of-state retailers to collect sales tax on…
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Professional golfers are fortunate to have immense talent and skill in the art of golf, but playing professionally comes at the cost of facing a myriad of complex tax rules and recordkeeping, all while on…
Read More...Every year the IRS releases its “Dirty Dozen” list of the year’s most prevalent tax scams. They include ploys to steal personal information, talk people out of money, or engage in questionable tax activity. It’s…
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The use of cloud accounting has been on the rise in recent years, and for good reason. Transitioning from desktop software to cloud-based programs affords your business accessibility, added security, and peace of mind. As…
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