Employee Retention Credit Could Help Your Tire Business
Rich Lipton, Tire Review contributor and senior partner at Lipton CPA Associates, explains how to tell if the new Employee Retention Credit might be right for your business.
Congress Repeals ACA’s ‘Cadillac Tax’
The tax was set to take effect in 2022 and would have taxed some employer-sponsored plans.
Business Tax Provisions: The Year in Review
Lipton CPA Associates details tax changes for 2019 that business owners need to know for their books heading into the new year.
Tire Dealers: See If Your Business is Eligible for this New Tax Deduction
The Internal Revenue Service has issued rules for pass-through business owners when taking a 20% deduction under a provision of the 2017 tax overhaul law.
U.S. Supreme Court Rules States Can Force Online Retailers to Collect Sales Tax
The U.S. Supreme Court issued a ruling Thursday that will allow states to require internet retailers to collect sales taxes, even if they have no physical presence in the state.
Tax Day 2018: Fines and Penalties You Could Pay for Filing Taxes Late
Every taxpayer should know these 10 facts about penalties for filing or paying your taxes late.
Need to File an Extension on Your Tax Return? Don’t Wait.
If you’ve been procrastinating when it comes to preparing and filing your tax return, here are the pros and cons to filing an extension.
Five Tax Provisions Retroactively Extended for 2017
Lipton CPA Associates gives a look at five important tax provisions that are being extended.
Political Activism and the Bottom Line Proposed Legislation of Significant Impact
Ninety-seven years ago in October 1920, a small group of independent tire dealers got together and decided that the time had come to form a national association. With the accelerated growth of the auto industry, tire dealers nationwide realized they needed their business interests fostered and protected.
Surviving an IRS Audit
The IRS collected $7.3 billion from audits in 2015. Small businesses (sole proprietorships in particular) are more likely to be targeted than bigger companies. But the experience doesn’t have to be painful.
Border Adjustment Tax to Increase Auto Repairs, Maintenance Costs
The Auto Care Association warned lawmakers that the proposed Border Adjustment Tax (BAT) on imports could significantly increase auto repair and maintenance costs.
IRS Offering Free Filing Again in 2016
The Internal Revenue Service and Free File Alliance have launched Free File with many changes and updates for 2016. In 2016, there are 13 tax software providers making their federal tax return products available for free. Taxpayers whose adjusted gross income was $62,000 or less during 2015 are eligible for at least one of the
