Important: Action Required By All PartnershipsAnd LLCs Filing Partnership Income Tax Returns    In 2015, IRS released new regulations creating the Centralized Partnership Audit Regime (CPAR).  CPAR changes the way partnership tax returns will be audited, beginning with the tax year 2018 return.  The changes are significant, and can have substantial negative consequences.  (When we

If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up a tax-advantaged retirement plan, consider doing so this year. There’s still time to set one up and make contributions that will be deductible on your 2018 tax return! More benefits Not only

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase qualifying assets and place them in service by the end of the tax year. That means there’s still time to reduce your 2018 tax liability