Archive for the "Accounting" Category

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Supplying Employees with a Company Car

Buying or leasing an auto for the use of your employees ought to be an uncomplicated transaction from the tax viewpoint, but it’s not. The plain fact is that the company auto creates more tax complications than almost any other type of business asset. That’s why it’s imperative for you to formulate an overall strategy [...]

Starting a Business – Maximize Benefits of Start-Up Costs

Planning to get the most out of any new business venture begins with making sure you get the greatest possible file a tax return advantages for your investigation costs, start-up expenses, and other organization costs. These include costs such as advertising, salaries and wages of employees-in-training, travel and other expenses of lining up customers, suppliers, [...]

Retiring Partner Distributions

How does a retiring partner is taxed when he or she receives payment for his or her interest from the partnership. In general, a retiring partner who receives a series of liquidating distributions does not recognize gain until the entire basis in the partnership interest is recovered. Similarly, a loss on a series of liquidating [...]

Starting a Business – What to Consider

Before you start a new business, there are a number of preliminary decisions to be made. One of the first choices you will face is the legal form in which you will operate the business. Should it be an unincorporated sole proprietorship, a partnership, a limited liability company, a regular corporation, or an S corporation? [...]

Why use a specialist contractor accountant?

Are you considering leaving your permanent job and becoming a contractor? Hiring a specialist contractor accountant can save you both time and money.
Do you like the idea of being your own boss? Perhaps you’ve recently been made redundant and you’re interested in checking out your options?
Contracting could be an easier way back [...]