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employee health coverage

Is My Business Required To Report Employee Health Coverage?

August 15, 2022

Certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done? Basic reporting rules for employee health coverage Certain employers with 50 or more full-time employees (called “applicable large employers” or ALEs) must use Forms 1094-C and 1095-C to report…

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collaborative arrangements

What You Should Know About Collaborative Arrangements

August 10, 2022

Today, many companies share research or technology to develop new products. Manufacturers might enter into a joint venture to conduct scientific research to design a new medical device, or a watchdog group might work with a production company to create and distribute a documentary film. How revenue and other payments between the parties are reported…

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IPA Top 200 firm

Buchbinder Named a 2022 Top 200 Accounting Firm by INSIDE Public Accounting

August 8, 2022

Buchbinder is proud to be recognized as a 2022 Top 200 Accounting Firm in the country by INSIDE Public Accounting. The firm has continually made the annual list for the past several years and is happy to be acknowledged again. INSIDE Public Accounting is an award-winning newsletter for the public accounting profession. The firms are…

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Start-Up Expenses

3 Valuable Tax Breaks for Small Businesses

July 28, 2022

Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are three examples. 1. QBI deduction For 2018 through 2025, the qualified business income (QBI) deduction is available to eligible individuals, trusts, and estates. But it’s not available to C corporations or their shareholders. The QBI…

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business closing

What Tax Obligations Do I Have if My Business Closes?

July 26, 2022

Due to the pandemic and the economy, many businesses have been forced to close. If this is your situation, there are various tax responsibilities that must be met. Basic requirements A business must file a final income tax return and some other related forms for the year it closes its doors. The type of return…

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Identity Protection PIN

Protect Yourself From Tax-Related Identity Theft With the IRS Identity Protection PIN

July 21, 2022

Identity thieves are creating more sophisticated schemes and it is important for taxpayers to take steps to protect their personal information. The IRS Identity Protection (IP) PIN Opt-In Program helps protect taxpayers against tax-related identity theft. The IP PINs are available to anyone who can verify their identity. Key features of the IP PIN: It’s…

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