For Small Businesses: Reasons an LLC Might Be the Ideal Choice
NMS Certified Public Accountants
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2w ago
A limited liability company can provide personal liability protection from creditors while delivering tax benefits. Is it right for you ..read more
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Tax Advice: 6 Tax-Free Income Opportunities
NMS Certified Public Accountants
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2w ago
You may be able to collect federal-income-tax-free income and gains in several different ways. Here are six of them ..read more
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For Small Businesses: Craft Partnership & LLC Operating Agreements
NMS Certified Public Accountants
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2w ago
If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points ..read more
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For Small Businesses: Ensure Your Partnership or LLC Complies with Tax Law
NMS Certified Public Accountants
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2w ago
Guaranteed payments to partners and payments to retired partners are just two of the tax issues that should be addressed in your partnership (or LLC operating) agreement. Here are the details ..read more
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Tax Advice: How Working Remotely May Have Tax Consequences
NMS Certified Public Accountants
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1M ago
For some employees who work remotely, the financial reality can be taxing. Here’s what to expect if you have a job but you don’t go to a physical office ..read more
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For Small Businesses: What's Best for Taxes, Cash or Accrual Accounting?
NMS Certified Public Accountants
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1M ago
Choosing between the cash method of accounting and the accrual method for tax purposes can impact your tax situation. But not all businesses qualify for both methods ..read more
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For Small Businesses: On Crafting Partnership & LLC Operating Agreements
NMS Certified Public Accountants
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1M ago
If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points ..read more
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Tax Advice: 2 More Taxes on Your Income? Find Out
NMS Certified Public Accountants
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1M ago
Higher-income folks may be subject to a couple extra taxes, in addition to federal income tax. Here’s an explanation of the 3.8% net investment income tax and a 0.9% additional Medicare tax ..read more
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For Small Businesses: Understanding Taxes on Real Estate Gains
NMS Certified Public Accountants
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1M ago
If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues ..read more
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Tax Advice: Unfairly Burdened By a Spouse's Tax Errors?
NMS Certified Public Accountants
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1M ago
“Innocent spouse” relief may be available to a taxpayer who unfairly receives a tax bill that’s attributed to a spouse’s or ex-spouse’s errors. Here’s a rundown of the relief, along with details of two recent court cases ..read more
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