Corporate Tax

Tax Reform: The latest brewing at Capitol Hill

 Under the deal worked out by committee member of the House and Senate Top individual tax rate = 37%, Current top tax rate = 39.6% Deduction for SALT (state and local taxes) capped at $10,000 Alternative Minimum Tax on individuals would remain but the exemption would be increased to $500,000 for individual filers and $1,000,000 …

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How entity type affects tax planning for business owners

  Come tax time, owner-employees face a variety of distinctive tax planning challenges, depending on whether their business is structured as a partnership, limited liability company (LLC) or corporation. Whether you’re thinking about your 2016 filing or planning for 2017, it’s important to be aware of the challenges that apply to your particular situation. Partnerships …

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ESOPs offer businesses tax and other benefits

  With an employee stock ownership plan (ESOP), employee participants take part ownership of the business through a retirement savings arrangement. Meanwhile, the business and its existing owner(s) can benefit from some potential tax breaks, an extra-motivated workforce and potentially a smoother path for succession planning.  How ESOPs work To implement an ESOP, you establish …

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