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Larry Cooper · NewsThe Tax Cuts and Jobs Act creates a flat corporate rate of 21% and temporarily provides a new 20% qualified business income deduction for owners of flow-through entities and sole proprietorships.
READ ARTICLE →Larry Cooper · NewsOperating in another state might mean being subject to taxation there if you have nexus with the state. Common triggers include workers, property, or substantial inventory.
READ ARTICLE →Larry Cooper · NewsTransfers between a closely held business and its owners must be properly documented and administered to establish that the transaction is truly a loan.
READ ARTICLE →Larry Cooper · NewsCosts incurred to improve tangible property must be depreciated, while incidental repairs and maintenance can be expensed. Routine maintenance and small business safe harbors may help.
READ ARTICLE →Larry Cooper · NewsWhen looking for a successor, consider qualified family members, promising nonfamily employees, and external candidates found through industry networks and professional advisors.
READ ARTICLE →Larry Cooper · NewsThe IRS generally treats a barter exchange similarly to a cash transaction, so businesses must report the fair market value of products or services received.
READ ARTICLE →Larry Cooper · General ArticlesIC-DISC export property must meet manufacturing, destination, and minimum 50% U.S. content requirements.
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