TaxConnections

TaxConnections Worldwide Directory of Tax Professionals is an authority site of tax advisors from around the world. As the leaders in our market vertical, you can find and interact with tax professionals in corporations, law firms, public accounting firms, tax services firms, government and academia in one click. Through our innovative technology, we maximize the exposure of a tax professional’s expertise and services to the more than one billion people who go online for tax advice each year.

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1099 Reasons to Hire Independent Contractors

Maybe not 1099 reasons. But there are good reasons to go the independent contractor route versus hiring employees. Of course, there are also compelling reasons to go the other direction on that. There’s a lot…

Cash Versus Accrual Under the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act of 2017 has led to changes in the way companies choose to be taxed. Prior to the tax reform, many businesses were required to use the accrual method of…

Thinking About an Acquisition? What Are Your State Exposures?

Thinking About an Acquisition? What Are Your State Exposures? A Company may be in the process of either acquiring another company or are looking to be acquired themselves. In either case, the company wants to…

Thinking About an Acquisition? What Are Your State Exposures?

Thinking About an Acquisition? What Are Your State Exposures? A Company may be in the process of either acquiring another company or are looking to be acquired themselves. In either case, the company wants to…

Crowdfunding and Taxes: What You Need to Know

In recent years, raising money online through third-party backers, or crowdfunding, has grown in popularity. Originally utilized mostly by musicians, filmmakers and for other creative endeavors, it has now become a more widespread method of…

Online Sales Tax and SaaS Companies: What You Need to Know

Although the Wayfair online sales tax ruling doesn’t relate specifically to SaaS, states are enacting laws that make it easier to create nexus, which means all companies—including SaaS—need to be more diligent in determining whether they’re subject to taxes in…

The Sale of Business or Investment Property: Several Ways to Defer the Tax on Gains

When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many…

Business Deductions for Meal, Vehicle, and Travel Expenses: Document, Document, Document!

Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS. An Important Requirement Subject to various rules and…

Taxation of Corporations: C Corporation and S Corporation

There are generally two ways corporations may be taxed under the federal rules. By default, a corporation is taxed under Subchapter C of the Internal Revenue Code. However, a corporation may instead elect to be…

5 Fundamentals of Limited Liability Corporations

A Limited Liability Company (“LLC”) is a hybrid business entity which contains elements of a partnership and a corporation. LLCs consist of members and managers. An LLC may provide tremendous benefits for its members, which…