News & Events

Qualified Business Income Deduction Limit

Qualified Business Income

Close-up on the New QBI Deduction’s Wage Limit The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S corporations...

Business Owners – What Are Your Payroll Tax Obligations?

Payroll Tax

How to Avoid Getting Hit With Payroll Tax Penalties For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under the...

SKNOW’s 2018 Summer Networking Event

Boat Ride

SKNOW is hosting a women's networking event at The Whiskey Republic on Wednesday, August 1, 2018. The evening includes networking, cocktails and refreshments from 5:00 to 6:00 pm, followed by a private chartered boat ride given by the Providence River Boat Company from 6:00 to 7:00 pm. The...

The Sales Tax Impact of South Dakota Versus Wayfair, Inc. Decision

Does Your Business Have to Begin Collecting Sales Tax on All Out-of-State Online Sales? As we've written about previously, the recent U.S. Supreme Court decision now allows state and local governments to impose sales taxes on more out-of-state online sales. The ruling in South Dakota v. Wayfair, Inc. is welcome...

What is the Best Entity Structure for Your Business Today?

Corporate structure

Choosing the Best Business Entity Structure Post-TCJA For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced...

2018 July News in Review

2018 July News in Review

Sansiveri’s 2018 July News in Review is a summary of news, events and links that we shared throughout the month of June. Just in case you missed an earlier post or email, this issue includes information the tax consequences on virtual currency; two tax law changes that affect businesses...

Helpful Tips for Collecting Pledged Donations

Pledged Donations

Both Art and Science A pledge to a nonprofit is generosity without cash up front, making it a popular option for donors. The organization benefits too, because an unconditional pledge becomes an asset the moment the donor agrees to give it. Pledged receivables enable robust planning and spending. But they...

Third Quarter 2018: Key Deadlines for Businesses

Third Quarter 2018

2018 Q3 Tax Calendar Here are some of the key tax-related deadlines affecting businesses and other employers for reporting second and/or third quarter filings of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us at 401-331-0500 to...