LLC vs. S Corp vs. LLP: The Best Business Structure for New and Small Tax Firms
Choosing the right entity structure—LLC, S Corp, or LLP—can protect your tax firm, reduce taxes, and support growth. Learn which is best for your tax practice.
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Tax Advisor Weekly – April 25, 2025
Congratulations to all tax practitioners on successfully navigating another challenging spring season—your dedication and expertise continue to be the backbone of our tax system. Enjoy the post-tax season breathing room!
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Tax Advisor Weekly – April 18, 2025
This week, we cover Rep. Jeff Van Drew’s proposal to raise the SALT cap to $30,000, AICPA’s support for uniform nonresident state tax rules (excluding athletes and entertainers), and their push to simplify GST exemption regulations. We also highlight a report showing that financial illiteracy cost Americans $243 billion in 2024, as well as news that President Trump has blocked a 2026 IRS crypto reporting rule.
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Tax Advisor Weekly – April 11, 2025
This week, we start with analysis on the $4.5 trillion cost of extending the 2017 Tax Cuts and Jobs Act with discussion on its net economic impact, we have a piece revealing insights about pre-retirees showing mixed financial confidence but positive overall sentiment towards retirement years, and news regarding the offered "second and final" opportunity to accept buyout offers through April 14 for IRS employees. Additionally, we cover growing concerns about donor-advised funds primarily benefiting other DAFs rather than charities. Lastly, an update regarding a crucial Fifth Circuit case emphasizing the importance of clearly defined business components when claiming research tax credits.
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Tax Advisor Weekly – April 4, 2025
In this week's newsletter, we highlight guidance on navigating property tax scenarios during business mergers and expansions, the importance of C-suite awareness regarding transfer pricing implications, and the latest on BOI reporting requirements for foreign companies despite the temporary elimination for domestic entities. We also cover the IRS Criminal Investigation unit's enhanced use of banking data in financial crime detection, and a proposed 5 percent payroll tax in Washington state that could significantly impact businesses.
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Tax Advisor Weekly – March 28, 2025
This edition of the Tax Advisor Weekly highlights strategic choices of independent accounting firms to remain independent, an article on growing concerns about the expiring Tax Cuts and Jobs Act provisions, and the Tax Foundation's comprehensive state tax comparison resource. Additionally, we have news on the new auto tariff announcements and the IRS's latest guidance on the Employee Retention Credit as time runs out for pandemic-era claims.
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Tax Advisor Weekly – March 21, 2025
This edition of the Tax Advisor Weekly highlights IRS employee reinstatements, the AICPA’s 2025 tax priorities, CPA firm succession planning, and state road tax funding.
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Tax Advisor Weekly – March 14, 2025
This edition of the Tax Advisor Weekly highlights the Treasury’s decision to halt BOI penalties, the impact of tariffs on costs, a 2025 property tax guide, and the AICPA’s take on the IRS. Plus, common tax return mistakes to avoid.
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The Hidden Costs of Manual Tax Document Collection—And How to Fix It
Learn about the hidden costs of manual tax document collection and how tax firms can adopt digital tools designed to streamline document collection while maintaining efficiency.
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Tax Advisor Weekly News March 7, 2025
This week’s Tax Advisor news roundup highlights a Senate-backed remote work strategy, FinCEN’s BOI reporting extension, and the IRS’s 2025 'Dirty Dozen' tax scams. Stay informed on the latest industry updates.
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