Presidential candidate Kamala Harris is proposing a 10x expansion of the Startup Tax Deduction, from $5k to $50k, to promote the creation of...
Tax Issues Archives - CFOShare
Trump vs. Harris: How Each Presidency Could Shape the Future for Small Businesses
As the 2024 presidential election approaches, you may be wondering how a Trump presidency might impact your small business differently from a Harris...
Supreme Court Devastates Partnership Buy-Out Insurance
Did your partnership setup buy-out life insurance policies to ensure a clean buy-out? Thanks to the US Supreme Court’s ruling in Connelly v....
What’s the Difference VAT & Sales Tax?
Value-added Tax (VAT) and sales tax are both consumption taxes assessed on the consumer at point of sale. The difference between VAT and...
Will new IRS funding increase small business audits?
The recently passed Inflation Reduction Act includes $80B in new IRS funding over the next ten years, earmarked for increased tax enforcement, technology...
How Understanding Sales Tax Can Help Your Business
Think your business is too small to worry about sales taxes? Think again. Ever since Wayfair v. South Dakota, small business sales tax...
Time to pay your SS tax deferral!
Remember that flurry of CARES act tax credits, stimulus, and tax deferrals? There was lots of free money in the CARES act, but...
What is DR 0004?
Business owners in Colorado received an email Wednesday advertising the new DR 0004 form. What is DR0004? TLDR, it is a complex payroll...
Sales Tax for CBD
As cannabis business, you want to know, are CBD products taxable? The answer: yes. Since the 2018 South Dakota vs Wayfair, Inc ruling,...
The Biden Tax Hikes for Small businesses
Last March, I published an article reviewing the small business impact of the then-leaked Biden Tax Reform proposal. This week House Democrats released...