top of page
Tax Update Bulletin
Staying up to date on tax policy updates is vital for small businesses, as changes can impact compliance and finances. We strive to summarize key updates in this bulletin to help you stay informed on evolving legislation.
Changing a Tax Year End - What's to Know
Changing your business’s tax year end—also known as your annual accounting period—can be a strategic move, but it’s not as simple as...
5 days ago
New registration requirement for Snowbirds can impact US tax obligations
The new requirement for Canadian snowbirds to register in the U.S. primarily impacts their tax obligations by potentially subjecting them...
Mar 15
Snowbirds Beware: How Canadian Vacation Homeowners Can Face Unexpected U.S. Withholding Tax When Selling Their Property
Snowbirds might face unexpected US withholding taxes when selling their Florida home. As a Canadian snowbird, owning a vacation home in...
Mar 8
Owning a foreign company - what US taxpayers must keep in mind.
There are many tax implications for US persons purchasing a foreign business. In today's globalized economy, many U.S. persons are...
Mar 6
Congressional hopes for simplified tax filing rules for expats
Congressional Staffer reading through tax code. Recently Representative Darin LaHood (R-Ill.) introduced the Residence-Based Taxation for...
Feb 27
Filing extensions for Americans living abroad - What's to know?
For U.S. persons living abroad, it can sometimes make sense to request an extension to file their tax return. Understanding the rules...
Feb 21
What to Do If You’ve Made Errors in Depreciation Calculations on Past Tax Returns
Depreciation is a crucial aspect of tax planning for businesses and individuals with income-generating assets. However, mistakes in...
Feb 9
Self-employment tax and limited partnership exception: Tax Court rules again
In recent years, the IRS has won two key cases related to the Limited Partner Exception for self-employment taxes, with fund managers...
Jan 31
Is the small business deduction here to stay?
At the end of 2025, the 20% Small Business Deduction (also known as the 199A pass-through deduction) is scheduled to expire, potentially...
Jan 22
What to Expect from the New Congress on Tax Policy
After the Republican victory in the November 6 elections, tax code reforms are likely a high priority for the new Congress. House...
Jan 8
What is UNICAP and how does it affect small businesses?
For small business owners, navigating the intricacies of tax law can be a challenge, especially when it comes to understanding complex...
Jan 1
Schedule Your Free Consultation
bottom of page