In a razor-thin 215-214 vote, the House passed a sweeping $4 trillion tax package on May 22, marking a significant step in the GOP’s reconciliation effort. But the path to enactment remains far from clear, with Senate negotiations and budget rules posing major hurdles ahead......
2024 YEAR END TAX LETTERS COMING SOON
HCJ CPAs & Advisors
HCJ CPAs & Advisors was established through the merger of Hudson Cisne and Jones & Company. We provide accounting, tax services, and audits to closely-held businesses. With more than 90 experienced staff members, you can expect premiere customer service and unique solutions when you work with the trusted advisors at our firm.
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NEWS & BLOG
When managing finances, both individuals and businesses often seek ways to minimize their tax liabilities through deductions. However, not all expenses qualify as tax deductions, and penalties are a particularly tricky area. This article explores whether penalties can be deducted as business expenses or itemized......
Choosing the right business entity is a critical decision for entrepreneurs and business owners. The type of entity you select can have significant implications for liability, taxation, and the overall management of your business. In this article, we will explore the pros and cons of......