Today’s Ask the accountant questions are:
Should I restructure my business to benefit from the new tax cuts?
Is the cash method of accounting better?
Do I need a new auditor?
Corporate tax rate cuts do look appealing. But, you have to decide if the new tax rate is worth the other considerations of becoming a C corp.
Some business owners opt for a pass-through structure – a special tax status that eliminates double taxation issues related to business and personal taxes by choosing a structure…
