CBIZ Solutions and Insights


June 17, 2014
Five reasons to use the alternative simplified credit when claiming the R&D tax credit. A recent IRS ruling removing a restriction that prevented a business from electing the alternative simplified credit method on an amended return enables thousands of small- and medium-sized companies to finally start benefiting from R&D tax credits.

April 9, 2014
The 2013 tax deadline is just around the corner. While you might still be recovering from gathering all the necessary paperwork, answering a plethora of confusing questions and racing to beat the clock, the time to start thinking about 2014 tax planning is actually now.

March 12, 2014
A new, alarming trend that should concern everyone -- especially during tax season -- is identity theft targeted at generating fraudulent tax refunds. The Treasury Inspector General for Tax Administration (TIGTA) reported last September that the number of confirmed tax return filings involving identity theft increased from 1 million returns for the 2011 processing year to 1.

December 17, 2013
A whopping 55 tax breaks are scheduled to expire as soon as we ring in 2014.Normally popular tax provisions are renewed at the eleventh hour, but as a result of the government’s need for additional revenue and the incessant political gridlock in Washington, Congress has already announced that nothing will happen before year-end.

November 26, 2013
Today's post is brought to you by David Levi, Managing Director at CBIZ MHM, and Robert Karon, Managing Director at CBIZ MHM. Robert and David recently presented a webinar outlining tax planning opportunities in 2013 and beyond for individuals. Between taxes levied as a result of the Affordable Care Act and the American Taxpayer Relief Act of 2012, many Americans, especially executives and business owners, will face significantly higher taxes this year (check out the 2013 tax rates here).

November 19, 2013
Unsure of whether your business is leaving money on the table in the form of tax incentives?In this ever-changing economy, the answer can mean the difference between growing your business and shutting it down.If you’re looking to expand, increase your employee headcount, or invest in new technology or processes, then you could likely benefit from federal, state, and/or local tax incentives or credits.

July 16, 2013
Update: Be sure to check out our latest post on tax rates. 2014 tax rates for individuals and married couples filing jointly can be found here.The tax code has seen a plethora of changes over the past year, with more to come. The fiscal cliff deal brought about adjustments in income tax rates and capital gains and a Medicare tax on investment income to name just a few.

May 30, 2013
I recently spoke to Ann Carrns of The New York Times about a situation that no business wants to find itself in: preparing for an audit. Anyone who has ever been through an audit can tell you that it’s intimidating and nerve-wracking, so in the interview, I provided some tips to help business owners survive the audit process.

May 9, 2013
If you read my post on choosing the right business entity, you are aware of the existence of four main business entities: LLCs, S-corps, partnerships and C-corps. The first three -- LLCs, partnerships and S-corps -- are commonly grouped together because they share many traits and are known as pass-through entities.

April 10, 2013
Do you stress about being on the receiving end of an Internal Revenue Service (IRS) audit? Do you agonize over the accuracy of your tax return? Do you wonder why the IRS would choose to audit your return over others? Worry no more. In this post, the second installment of our audit series, I’m going to detail some common red flags that often trigger an IRS audit.

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