Business Tax
How to Repay Deferred Payroll Taxes
To give businesses a needed temporary financial boost, the Coronavirus, Aid, Relief and Economic Security (CARES) Act, signed by the President in March 2020, allowed...
Blog
Tax Planning & Compliance
Tax Planning & Compliance
Uncategorized
You Snooze, You Lose. Preserve Wealth Before Legislation Eliminates Opportunities
As you know, AAFCPAs anticipated changes on the horizon to the Estate Tax Exemption. On March 25, 2021, Senator Bernie Sanders introduced legislation called “For...
Individual, Family & Fiduciary Tax
American Rescue Plan: Provisions for Individuals
As you may know, President Biden recently signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA). AAFCPAs has outlined below key provisions for...
Business Tax
American Rescue Plan: Provisions for Businesses
As you may know, President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) into law on Thursday, March 11th. AAFCPAs has...
Uncategorized
IRS Extends Federal Income Tax Filing Deadline for Individuals
AAFCPAs would like to make clients aware that the Treasury Department and the IRS recently announced that the federal income tax filing deadline for individuals will...
Business Tax
CARES Act Eases Loss Limitation Rules
AAFCPAs would like to make clients aware that, to provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis,...
Uncategorized
S Corporation Diligence to Avoid Inadvertent Termination and Loss of Tax Benefits
The S corporation remains a popular entity choice, combining the liability protection of a corporation with many of the tax benefits of a partnership. However,...
David McManus
“Small” Is Bigger Than Ever
Is Your Business Eligible for Expanded Tax Benefits? Small businesses enjoy several tax advantages that may allow them to reduce their tax bills, defer taxes,...
Business Tax
Alabama Makes Significant Changes to Income Tax Structure
AAFCPAs would like to make clients doing business in Alabama aware of significant changes to the state’s income tax structure. On February 12th, Alabama enacted...
