The HoganTaylor Tax Services practice’s Client Advisories are designed to alert you to the latest accounting, tax, and financial issues that can affect your organization as they are developing.

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Tax Advisory: Information for New Business Owners

For individuals contemplating a new business venture, we developed a list of common items to be addressed. They are: Consult an accountant and attorney regarding the type of legal structure and taxation of the business Obtain legal document for business … Continued

Tax Advisory: Oklahoma Budget Issues Impact Tax Reporting

The state of Oklahoma has budget issues.   The Oklahoma Tax Commission has engaged extra assistance in reviewing state sales tax reports to find unpaid taxes.  In addition, it can offer a penalty free opportunity to taxpayers with outstanding tax balances. … Continued

Tax Advisory: A New Form Letter from the IRS to Employers

By Denise Felber, HoganTaylor Tax Partner On June 21, 2016, the Department of Health and Human Services issued a letter to a client.  The client owns a business with less than 50 employees and does not offer medical insurance.  Since … Continued

Tax Advisory: Protecting Americans from Tax Hikes Act of 2015

Friday, December 18, 2015, the president signed a bill to extend current “temporary” provisions from January 1, 2015 (unless noted). The attached summary includes a listing of the provisions. Notations were added for any changes to current law, including addition … Continued

Tax Advisory: IRS Notice issued November 24, 2015

On November 24, 2015, the IRS issued a Notice which may affect you. Historical reference: For tax years beginning after December 31, 2013, regulations allowed taxpayers to adopt safe harbor expensing rules for amounts below certain limits.  Under this provision … Continued

Tax Advisory – New Forms for 2015 Reporting

For calendar year 2015, employers* and insurance providers must submit forms regarding health insurance coverage to the IRS and covered individuals. The forms must be provided to the employee or insured by January 31, 2016. They are used in the … Continued