By MarksNelson on November 13, 2017As open enrollment approaches for many companies, it's a good time to refresh yourself on the rules for the deduction for self-employed health insurance.
By MarksNelson on November 13, 2017Year-end tax planning for businesses will be challenging in 2017 due to uncertainty over the proposed Tax Cuts and Jobs Act. While it is difficult to forecast the impact of tax law changes that could be made, it is important to consider techniques that are available today.
By MarksNelson on September 29, 2017President Trump outlined his plan for a massive overhaul of the U.S. tax code on Wednesday. The nine-page document unveiled by the GOP includes tax relief for the middle class and small businesses, broadening the tax base, and plans to grow the economy. However, it does not provide a lot of details on how the sweeping cuts would be funded.
By MarksNelson on June 7, 2017Late Tuesday, the Kansas Legislature voted to override Governor Sam Brownback’s veto of a budget bill that includes both a tax increase and a rollback of the 2012 business tax cuts. Both are effective retroactively to January 1, 2017.
By MarksNelson on February 6, 2017Many taxpayers are gathering their W-2’s, 1099’s, and other information as they get ready to meet with their tax advisors and start the preparation of their 2016 income tax filings. This year, there is a slight snag to watch out for.
By MarksNelson on January 16, 2017A Missouri lawmaker introduced legislation on January 5th, designed to give incentives to manufacturing companies in the state.
By MarksNelson on January 9, 2017Owners occasionally borrow funds from their businesses. If your company has extra cash on hand, a shareholder loan can be a convenient and low-cost option — but it’s important to treat the transaction as a bona fide loan. If you don’t, the IRS may claim the shareholder received a taxable dividend or compensation payment rather than a loan. Here’s more information to protect shareholder advances from IRS scrutiny.
By MarksNelson on January 9, 2017Two things that most construction companies already know, especially those who operate on both sides of a state line: sales and use tax rules vary from state to state; and there’s an exception to almost every rule. With those caveats in mind, here are six general things every construction company should know about sales and use tax.
There is no substitute for personal attention. It enables us to truly connect, so we can understand your perspective, anticipate your needs and provide the best solutions. That means real conversations, not impersonal emails.
At MarksNelson, we think curiosity is a virtue. After all, any accountant can focus on your numbers. We get down to business by first learning yours, inside and out. Our associates work to understand not only what you do, but why you do it.
The team at MarksNelson believes that the smallest point can be just as important as your biggest line item. Our goal is to deliver a quality product, prepared with great attention to detail and accuracy. Whatever industry you are in.
We work to be vigilant with everything we do. But why? The truth is... every firm says they will put you first. MarksNelson does more, by keeping on track and informed. We want to collaborate with you to provide you with the solutions that you need.
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