SALES TAX and USE TAX
The increasing complexity and required compliance to Sales and Use Tax are causing confusion for many business owners. Most often, the uncertainty is about what is taxable on initial purchase, and what
READ MORE
Now What? Planning Items Post Sale of Your Practice
Take a Multi-Year Outlook on Income Tax Planning It is essential that you know what your tax liability will be from the sale of your practice. Once the tax liability
READ MORE
Abbott Pratt Quick Tax Tip→
As illustrated in a previous post, the tax law changes of 2018 brought along a new benefit to pass through entities: The QBI Deduction, which is a deduction up to
READ MORE
Abbott Pratt Tax Talks – Spotlighting the Retirement Plan Credit
Who doesn’t love tax credits?! They are a dollar for dollar reduction of your tax liability. The IRS has a specific credit for qualified businesses that has added a SEP,
READ MORE