by Schanel CPA | Dec 15, 2023 | Tax Advice, Tax Preparation
When planning major equipment purchases, business owners often face a crucial tax planning decision: whether to make the purchase this year or the next. This decision primarily revolves around several key factors, with the most significant being the tax rate...
by Schanel CPA | Jan 5, 2022 | Tax Advice, Tax Preparation
Receiving a cash settlement from a medical malpractice case can be a huge relief after what is usually a long and protracted process. But before you spend it, make sure you’re aware of any tax impacts it may have. The good news is that most of the payment will most...
by Schanel CPA | Jan 13, 2021 | IRS, Tax Advice, Tax Preparation
An important aspect of tax compliance for business owners is the requirement to file a 1099 for certain payments made during the normal course of business. If you are a business owner, below is a summary of what you need to know. What is a 1099? A 1099...
