Calculating QBI deduction can be complex and time-consuming
One of the more beneficial provisions of the 2017 Tax Cuts and Jobs Act for individuals and small business owners is the new qualified business income (QBI) deduction under Section 199A. Eligible taxpayers may be entitled to a deduction of up to 20 percent of QBI, a significant tax savings for owners of sole proprietorships, […]
New partnerships rules could result in more audits
Rules governing partnerships have changed, and as a result, the number of IRS audits is expected to increase. The rules changes, which went into effect Jan. 1, 2018, were implemented in large part to reduce administrative hurdles for the IRS. What they have done, however, is altered the rights of partners in partnerships, including LLCs […]
Nina Daigle, Lindsey Pierce named partners with Antares Group, Inc.
Antares Group, Inc. is pleased to announce that Nina Daigle, CPA, and Lindsey Pierce, CPA, have been promoted to Partner with the firm. Lindsey and Nina have both been with Antares Group, Inc., for nine years and are members of the Business and Tax Advisory Group. “The promotion of Nina and Lindsey to partner marks […]
2017 tax filing deadline for pass-through entities is March 15
When it comes to income tax returns, April 15 (actually April 17 this year, because of a weekend and a Washington, D.C., holiday) isn’t the only deadline taxpayers need to think about. The federal income tax filing deadline for calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for […]