Dividend

Strategies for Extracting Cash from Your Corporation Without Dividend Treatment

Dividends paid out by a corporation are taxable, but there may be ways to get cash out of your closely held corporation without dividend treatment.
Accounting

What’s the Best Accounting Method Route for Business Tax Purposes?

Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
E-File Mandate - Reporting of Cash Payments Over $10,000 cover

E-File Mandate - Reporting of Cash Payments Over $10,000

Beginning Jan. 1, 2024, businesses are required to; e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return.