Ethical Concerns in Using Tax Planning Software
What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that
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Tax Planning for Student Athletes: Working with NIL Collectives
When you think of up-and-coming business opportunities, you likely don’t think of student athletes. As a result of recent court cases, athletes have gained the
Tax Planning for Student Athletes: Entity Selection as a Tax Strategy
In recent years, college athletes at NCAA Division I schools are faced with a new opportunity: turning their burgeoning sports career into a profitable business.
The Inventory Loophole: Using the Cash Method of Accounting Toward Tax Savings, Part 2
The world of small business tax deductions looked very different before and after the Tax Cuts and Jobs Act (TCJA) of 2017. A number of
The Inventory Loophole: Using the Cash Method of Accounting Toward Tax Savings, Part 1
The Tax Cuts and Jobs Act (TCJA) brought about far-reaching changes in the world of tax law. Though recent conversations have fixated on the soon-to-expire
When to Recommend a Partnership Structure: The Tax Benefits of Special Allocations
When it comes to choosing an entity type, many entrepreneurs are drawn to S corporations and may make an election without truly weighing the pros
When to Recommend a Partnership Structure: The Tax Benefits of Partnerships
Partnerships can either be the simplest or one of the most complicated entity types—depending on how each of the partners relates to the business and
Tax Avoidance vs. Tax Evasion: Lessons from the Tribal Tax Credit Scheme
Every year seems to bring with it new tax scams and new challenges in educating our clients on how to tell the difference between a
Tax Avoidance vs. Tax Evasion: How to Evaluate the Legitimacy of a Tax Strategy
Have you ever had a client bring you a tax strategy that sounded too good to be true? Even if a tax savings idea is
Ethical Issues for the Modern Tax Practice: Practicing Value Pricing
For this final chapter in our “Ethical Issues” series, consider this question: How much are you charging for tax planning services—and do you think of
Ethical Issues for the Modern Tax Practice: The Role of Artificial Intelligence
“A.I.” is the buzzword none of us can avoid, regardless of the industry we are in—including tax professionals. When it comes to new artificial intelligence
