by Matthew Dopkin, Esq. | Jan 23, 2021 | Tax Law
Tax-Smart Ways to Sell Your Business The decision to sell your business is a serious one that can have financial implications for years to come when not done correctly. Poor structuring of the sale can create a large tax bill and reduce the amount of profit you...
by Matthew Dopkin, Esq. | Dec 23, 2020 | Tax Law
How to Negotiate an Installment Agreement With the IRS IRS data shows that over 14 million taxpayers owe back taxes to the federal government. However, debt to the IRS is not the end of the story for taxpayers. You can negotiate some flexibility on repayment with the...
by Matthew Dopkin, Esq. | Dec 19, 2020 | Tax Law
Both Tax Deductions and Asset Depreciation Can Benefit Your Business The Tax Cuts and Jobs Act, effective January 1, 2018, changed the rules for business deductions versus depreciation of assets on your federal tax return. As a business owner, it is more important...
by Matthew Dopkin, Esq. | Nov 23, 2020 | Tax Law
Business Tax Mistakes to Avoid During Another COVID Surge If there’s one thing businesses have learned from the COVID-19 pandemic, it’s the importance of proper financial planning. Due to constant warnings about another surge, businesses are expected to...
by Matthew Dopkin, Esq. | Nov 19, 2020 | Tax Law
Tips for Tax Planning During the COVID-19 Pandemic It seems as if the ways in which the COVID-19 pandemic has touched our lives are virtually endless. One such example is how to plan for your taxes, particularly since you don’t know what the tax laws may be in a...
by Matthew Dopkin, Esq. | Oct 23, 2020 | Tax Law
The Impact of the Payroll Tax Deferral May Be Minimal Normally, the federal government takes a 6.2% payroll tax from each employee’s paycheck to fund Social Security. To help offset the economic impacts of the COVID crisis, President Trump issued an executive...
