Choosing the best business entity structure post-TCJA

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income tax rates, which apply to sole proprietorships and pass-through entities,…

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The ABC’s of Reading Your Financial Statements

Does your Accountant teach you how to understand your numbers so it’s meaningful to you and your company? Do you understand the terminology? Do you know your breakeven point and is there a company budget in place? Every owner should be able to determine the strengths and weaknesses of their finances by reviewing the numbers…

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