Tax laws and regulations change constantly and business owners and corporate CFOs do not always have the time to keep up with all the new tax legislation. The experienced tax CPAs at Frazier & Deeter provide sophisticated and timely tax advice to help you minimize taxes while adhering to regulations.
Many of our tax professionals worked with national CPA firms before joining Frazier & Deeter and they have extensive experience in corporate and individual tax issues. Our tax clients include public, private and nonprofit organizations of all sizes operating across industries. We have specialists in areas like nonprofit and tax implications of multi-national operations.
We assist business owners in determining how to structure their business, such as whether they should become an S corporation, a C corporation, or an LLC. Choosing the legal form for operating a business dramatically impacts after-tax cash flow available to owners, the deductibility of employer fringe benefits, personal liability and more. Some of the crucial items to consider when starting a business include the company’s overall method of accounting, its tax year-end, inventory valuation method and debt versus equity capitalization.
A close relationship is maintained with a company’s owner to ensure that overall business strategies complement their individual tax situation. Because we know that each client has different needs and goals, we meet with them periodically to discuss their individual and business related issues.
Taxpayers earning income from selling goods or providing services may receive a Form 1099-K, Payment Card and Third-Party Network Transactions, for the first time in early 2023, when the 2022 forms are due. The requirement to file Forms 1099 have…
A major tax, climate change and healthcare bill passed the Senate in a rare Sunday session on August 7 on a strict party line. The Inflation Reduction Act of 2022 won approval on a 51-50 vote, with all Democrats voting…
The IRS now is providing a K-2 and K-3 filing exception for the tax year 2021. Read more to see the qualifications.
The IRS has announced a new campaign to crack down on partners who deduct losses that may exceed the basis in their partnership interest. The Partnership Losses in Excess of Partner’s Basis Campaign is part of a larger effort by…
By Brian Strahle At this stage of our online and remote world, most businesses that sell over the Internet are engaging in one or several of the nine activities California asserts will create income tax nexus. The path of activities…
Lee, Wrangler, Nautica, Vans, and North Face are iconic apparel brands, all owned by VF Holdings through its numerous acquisitions. The company also acquired Timberland Co. in 2011, doubling its global footwear business. That merger, however, has resulted in a…
The AICPA and other accounting organizations sent a strongly-worded letter to IRS and Treasury all but demanding that the IRS immediately grant penalty relief and suspend other compliance measures until the IRS solves its many problems.
Learn about a pragmatic and cost-effective approach for Transfer Pricing planning, benchmarking and documentation for U.S.-based Multinational Companies (MNCs) from Frazier & Deeter’s Global Transfer Pricing team.
