Tax Trails: Navigating Tax Matters with Larson & Company

Tax Trails hosts Derek, Spencer, and Chandler react to popular social media videos giving tax advice, and explain why the advice may be misleading.

Following the finalization of the One Big Beautiful Bill, Tax Trails hosts Derek and Spencer discuss the updates and finalized provisions that will impact individuals in the coming years.

Following the finalization of the One Big Beautiful Bill, Tax Trails hosts Derek and Spencer discuss the updates and finalized provisions that will impact businesses in the coming years.

Join hosts Derek & Spencer as they discuss One Big Beautiful Bill, the budget reconciliation bill currently in congress with major tax implications. They'll break down key provisions in the bill related to income taxation, and what they mean for you as you move forward. https://www.congress.gov/bill/119th-congress/house-bill/1/text https://mediaserver.cch.com/docmedia/attach/WKUS-TAL-DOCS-PHC/78/2...

Join hosts Derek & Spencer as they discuss their last entity type in this series, C-Corporations. They'll discuss disadvantages such as double taxation, as well as advantages such as increased simplicity in tax rates and structure. Show notes: https://www.irs.gov/businesses/small-businesses-self-employed/forming-a-corporation

Join hosts Derek & Spencer as they continue their series on entity types. They'll discuss various tax advantages and disadvantages of forming an S-Corporation, issues around compliance, and why you might consider setting one up. Show notes: https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations

Join hosts Derek & Spencer as they continue their series on various entities. They'll discuss partnerships, their tax advantages and disadvantages, and important considerations around forming and maintaining a partnership. Show Notes: https://www.irs.gov/businesses/partnerships https://www.irs.gov/pub/irs-pdf/p541.pdf

Join hosts Derek & Spencer as the interview Tax Partner Carl Jensen. He discusses his families history of providing tax services for Larry Miller, important tax considerations for auto dealerships, and complexities surrounding parts inventory.

Join Derek & Spencer as they interview Tax Partner Rick Van Valkenburgh. He goes over important considerations for your tax situation as the year comes to an end including asset purchases for a small business, contributions to a retirement or HSA account, thoughts on marketplace health insurance, and PTE payments.

Join Derek and Spencer as they interview Greg Denning, managing partner at Larson & Company. Greg has a long background of preparing income tax provisions for large companies and shares insights regarding the types of differences (temporary vs. permanent), considerations around NOLs, timing of provisions, and other valuable information.

Join Tax Trails hosts Derek & Spencer as they review and explain the tax plans of both presidential candidates in the 2024 election. Listeners will leave with a better understanding of the the proposals of each candidate and what they will mean for the average person.

Join hosts Derek & Spencer as they interview Russell Olsen, one of the tax partners in the Larson & Company Spanish Fork office. He'll discuss the advantages and benefits of setting up a trust, and how to avoid some common missteps along the way. larsco.com Email us at: LarsonPod@larsco.com

Join hosts Derek and Spencer as they interview Ryon Jones, tax partner in the Larson & Company Moab office. He'll discuss common problems seen in the accounting for small businesses and strategies they can implement to have cleaner books. https://larsco.com/ Email us at: LarsonPod@larsco.com

Join Derek and Spencer to discuss sole proprietorships. Though often considered the simplest of entity types, they can still have various complex taxation wrinkles that business owners should know about. Find us at: https://larsco.com/

Meet Larson & Company Tax Partner, Steve Simons. He'll talk a little bit about himself, his background, and shares some valuable expertise on taxation of short-term rentals. Find us at: https://larsco.com/ Have a suggestion about episodes topics, or follow up questions? Email us, at larsonpod@larsco.com

Meet Larson & Company Tax Partner, Craig Swindlehurst. He'll go over a little bit about his background and how he got into tax, and explain some valuable information on compensation in partnerships.

Derek & Spencer discuss the different options in entity type as you set up a new business. They go over tax specific advantages and disadvantages for each type and how to plan for the future with your business. This is part 1 in a Summer long series on entity types.

Join our tax experts for a discussion on the Schedule K section of a partnership or S-Corp tax return, as well as the Schedule K-1 you receive to go along with it. Learn what they are, the difference between separately stated and non-separately stated items, and how to read the K-1. Additional Resources: 2023 Form 1065: https://www.irs.gov/pub/irs-pdf/f1065.pdf 2023 Form 1120-S: https://www.irs.go...

Discussion on what a credit is, the difference between refundable and nonrefundable credits, and introductions to some general business credits. https://larsco.com/blog/clean-vehicle-tax-credit https://www.irs.gov/businesses/small-businesses-self-employed/business-tax-credits https://larsco.com/

Join us for a discussion on tax deduction questions for businesses. Topics, and their timestamps, include: - Book-Tax Differences: 2:06-4:16 - Ordinary & Necessary Expenses: 4:16-7:04 - Accrued Expenses: 7:04 - 10:06 - Common Expense Categories: 10:06 - End Learn more about these topics at the following link: https://www.irs.gov/publications/p535 Learn more about Larson & Company at larsco.com

An introduction to The Larson Tax Trailhead and a dive into key issues regarding the proposed tax relief act of 2024.