Tax Planning

Figuring corporate estimated tax

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June 11, 2024
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The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated tax without triggering the penalty for underpayment of estimated tax. Four possible options The required installment […]
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Cost Segregation

Can Your Manufacturing Company Benefit from a Cost Segregation Study?

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June 6, 2024
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When manufacturers buy, build or improve their facilities, it involves a substantial investment. But these expenses generally can’t be immediately deducted for tax purposes. Fortunately, there may be another approach that will allow you to accelerate your depreciation deductions: a cost segregation study. Understanding Depreciation For assets with a useful life of more than one year, […]
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Employee Relations

Are You Familiar With the FUTA Tax?

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May 31, 2024
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You’re probably knowledgeable about the FICA tax, which was established by the Federal Insurance Contributions Act, and is paid by both employers and employees through payroll deductions. FICA tax includes a Social Security and Medicare portion. Less is likely known about the FUTA tax, authorized by the Federal Unemployment Tax Act. This unemployment insurance tax […]
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