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Doing Business in the 21st Century Electronic World

big data pros and pitfalls - binary graphic

Benefits and Dangers to Businesses and Taxpayers

Upgrade Your Business Document Processing Procedures

To Have Real Time:

  • Business Accounting
  • Total Accuracy
  • Document Processing
  • Virtual Filing

How We Are Impacted by "Big Data" and the Capabilities of Computer Access to That Information

“Big Data” is actually the total accumulation of information on the world wide web. This information is from all kinds of interactions between businesses, governmental entities, and individuals; including documents filed with governmental agencies (i.e. the IRS, the Securities and Exchange agency, etc.), information exchanged between businesses in the same industry (i.e. insurance companies, marketing companies, etc.) and even personal and business e-mails.

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What is "Reasonable Compensation"?

What is Reasonable Compenasation to the IRS?Reasonable Compensation is a current high priority issue for the IRS concerning all corporations, especially S corporations

Wage Compensation for Corporation Officers

Corporate officers are specifically included within the definition of employee for FICA (Federal Insurance Contribution Tax Act), FUTA (Federal Unemployment Tax Act), and federal income tax withholding under the Internal Revenue Code. When corporate officers perform services for the corporation, and receive or are entitled to receive payments, their compensation is generally considered wages. Sub-chapter S corporations should treat payments for services to officers as wages, and not as distributions of cash and property or loans to shareholder or limited liability company members.

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Tax Planning Workbook - 2021 and Beyond

Tax Planning Workbook for 2018 and Beyond for Your Business NetThis workbook is a hands on process. Our intent is to show you the process of producing a tax plan for your business.

Tax Planning is to make you aware of:

  • Some of the many tactics allowed by tax law.
  • Ways you can maneuver business activities to bring taxes down both business and personal.
  • The process of developing a tax plan.

Getting started:

You will need your business’ financial statements year to date. These statements then need to be projected to the end of this calendar year.

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