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How do I choose what entity type my business should be?

Basis 365

Before making any decisions, speak to your attorney and tax accountant to make sure you are the correct entity type at this time. Most business owners pick a type and never look back. You really should review this periodically as laws and tax code do change. What are Common Strategies Based on My Entity Type?

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Guide to accountant responsibilities

ThomsonReuters

According to the IRS , enrolled agents are subject to a suitability check and must pass a three-part Special Enrollment Examination to demonstrate their proficiency in individual and business tax return preparation, federal tax planning, and representation. However, this is no longer the case.

Account 59
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What is Qualified Improvement Property and its depreciation method?

ThomsonReuters

Any property that is subject to the rules of QIP and is leased by a single tenant now falls under the rules for QIP for tax accounting purposes. These changes in bonus depreciation rates underscore the importance of proactive tax planning for QIP.