by Miguel Alex Centeno | Dec 9, 2022 | Business and Finance
Did you organize your business as an LLC, corporation, or other entity? If so, that’s great. These entities can provide substantial protection from personal liability. However, forming a trust for your business and its assets could provide even more robust...
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by Miguel Alex Centeno | Nov 23, 2022 | Business Tax
Sales tax and use tax are two sides of the same coin, and this article discusses use tax vs sales tax. They both collect revenue for the state and usually have the same tax rate. The main difference is who is responsible for making the payment to the state – the...
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by Ashton Chanana | Nov 14, 2022 | IRS
A notice from the IRS that an audit is coming is the last thing anyone wants to see. Contrary to popular belief, those with incomes under $25,000 are five times more likely to be audited than those in the higher income bracket, according to a study by Syracuse...
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by Miguel Alex Centeno | Nov 7, 2022 | Business and Finance
Mergers and Acquisitions Q&A Mergers and acquisitions is a complicate subject. Fortunately, our tax pros can guide you through some of the basics. Our resident M&A tax expert, Ryan Mas, met with our Director of Business Strategy & Advisory, Ashton Chanana,...
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by Chris Dios | Nov 3, 2022 | Business and Finance
We put together a series of videos to answer the most common questions about the process of mergers and acquisitions. You can view the videos directly from this page, or use the links below to watch them on YouTube. We hope you this series can answer your toughest...
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by Shauna Conway | Oct 28, 2022 | Business Tax
Are you thinking of setting up an S-Corp? This guide provides everything you need to know about filing IRS Form 2553 and making the election. We’ll cover what information is necessary on the form, when you need to file it, and how to go about making the switch...
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by Miguel Alex Centeno | Oct 25, 2022 | Online Business
When most people think of sales tax, they only consider the sales tax charge on purchases of physical items. But nontangible purchases can also be subject to sales tax. In recent years as more work has moved into the electronic realm, the question of whether or not...
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by Ashton Chanana | Oct 19, 2022 | IRS
On August 19, 2022, President Biden signed the Inflation Reduction Act (IRA) in the summer of 2022. The Act had many objectives, including lower prescription drug pricing, reducing climate change, and reallocating the share of taxes. Along with its stated primary...
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by Ashton Chanana | Oct 12, 2022 | Business and Finance, Personal Finance
Investors are always looking for good returns on their investments. Unfortunately, achieving higher returns often means taking on additional risk, but in an increasing interest rate environment, there are several ways you can achieve higher returns with less risk....
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by Miguel Alex Centeno | Oct 5, 2022 | Business and Finance
The recent announcement that many student loan borrowers would receive forgiveness was welcome for millions of people. However, many borrowers wonder whether the forgiveness comes with tax consequences. We’ll walk you through how student loan forgiveness works,...
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