by ABIP | Oct 30, 2019 | News
The right entity choice can make a difference in the taxes you owe for your business. Although S corporations can provide substantial tax advantages over C corporations in some situations, there are potential tax problems you should assess before deciding to convert...
by ABIP | Oct 23, 2019 | News
ABIP CPAs & Advisors is proud to welcome Senior Tax Manager Mia Ramirez-Powell and Tax Manager Amanda Grantham. At ABIP, Amanda and Mia will focus on federal and multistate income tax compliance, IRS & state tax controversy, multistate sales & use,...
by ABIP | Oct 23, 2019 | News
Is your business depreciating over 30 years the entire cost of constructing the building that houses your operation? If so, consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting...
by ABIP | Oct 16, 2019 | News
Merging with or acquiring another company is one of the best ways to grow rapidly. But you’ve got to weigh the potential advantages against the risks of such a move. An acquisition might enable your business to expand into new geographic areas or seize new customer...
by ABIP | Oct 9, 2019 | News
Employers must pay federal unemployment tax on amounts up to $7,000 paid to each employee as wages during the year. The tax rate is 6% but it can be reduced by a credit for contributions paid into state unemployment funds. Typically, the more claims made against a...