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Category: Copeland Buhl

Entity Level Tax is a Valid Workaround on the $10,000 SALT Limitation

November 13, 2020 by Colleen Netzell
Copeland Buhl
The TCJA limited the state and local tax (SALT) itemized deduction to $10,000, which essentially increased the federal income tax on many small business owners operating as passthrough entities (PTE) (i.e. partnerships and S corporations).   For federal purposes, a PTE’s income is taxed on the individual income tax return and...
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Accounting for PPP Loans

September 28, 2020 by Jason Frick
Copeland Buhl
As the seasons turn towards fall and tax deadlines begin to fade away, we have had an increased number of questions regarding accounting for loans made under the Paycheck Protection Program (PPP).  The intention of this blog is not to discuss the loan program itself or related forgiveness process.  Instead,...
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Transitioning Your Privately Held Business

September 21, 2020 by Mike Esser
Copeland Buhl
There comes a point in time when every business owner is ready to take a step back.  Most business owners start their business with dreams of financial independence and a sense of freedom.  Eventually those owners are ready to reap the benefits of all those years of hard work. Planning...
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Top 5 Security Concerns for 2021

September 9, 2020 by Aaron Thomas
Copeland Buhl
TOP 5 SECURITY CONCERNS FOR 2021 INTERNAL CONTROL FAILURES Issue: Businesses build policies and procedures to minimize risk and ensure high quality products and services. When an issue arises most of the time it is related to a control failure. Someone not following policies and procedures. Solution: Regularly audit your...
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