J Michael Banks, CPA, PLLC

10/17/2022

10/05/2022

10/04/2022

12/17/2015

Important tips for year-end planning

Congressional leaders unveiled a wide-ranging deal on tax extenders, making some items permanent.

12/16/2014

Some helpful tips related to Health Insurance Coverage for the 2014 tax filing season

Affordable Care Act-related tax issues await CPAs and those who prepare their own returns this upcoming tax season, according to the National Conference of CPA Practitioners.

11/04/2014

There are some good lessons here for any business

I ve been around a long time and did some really great things. I ve also made some mistakes. The mistakes linger on my mind more than many of the great things, and I am sharing some of the mistakes here.

10/09/2014

To determine if an LLC terminates, the practitioner must determine whether an LLC interest was disposed of in a

09/17/2014

For those of you in real estate this a great regulation that passed late last year.

The final tangible property regulations issued by the Internal Revenue Service last year included a new provision for small taxpayers to help alleviate the tedious process and extent of documentation now required for compliance.

07/23/2014

Consult a tax adviser when purchasing a business vehicle. Vehicles with a gross weight over 6,000 lbs are often better for tax reasons. Here is a list of the new SUV's and trucks that qualify.

Commercial car leasing and auto financing from alphaleasing.com

02/28/2014

http://www.theglobeandmail.com/report-on-business/small-business/sb-money/cash-flow/nine-reasons-why-entrepreneurs-should-hire-an-accountant/article17023309/

Does an accountant cost money? Of course, and it’s one of the main reasons preventing entrepreneurs from seeking the services of a professional accountant. But I think startups should consider their services investment, not an expense.

01/24/2014

IRS YouTube Videos:Tax Scams: English | Spanish | ASLID Theft: Are You a Victim of Identity Theft? English | Spanish | ASLID Theft: Protect Yourself From Identity Theft English | Spanish | ASLID Theft: IRS Efforts on Identity Theft English | Spanish

01/14/2014

This is a great article on the importance of a strong operating agreement.


http://www.bizjournals.com/charlotte/news/news-wire/2014/01/13/the-one-contract-a-business-needs.html

If your company has two or more owners and could pick just one contract for your...