Nyle G. Taylor CPA

Harnessing the Latest Technology to Provide You with the Best Service

Menu
  • Home
    • Home – Return to the home page.Nyle G Taylor, CPA Chartered - Home Icon
    • Close
  • Personal Income Tax
    • Personal Income Tax – Information about our individual income tax preparation options.Nyle G Taylor, CPA Chartered - Personal Income Tax Icon
    • Close
  • Business Income Tax
    • Business Income Tax – Information about our business tax services.Nyle G Taylor, CPA Chartered - Business Income Tax Icon
    • Close
  • Business Accounting
    • Business Accounting – See how we can maintain your business accounting records.Nyle G Taylor, CPA Chartered - Profit and Loss Icon
    • Close
  • Payroll
    • Payroll – Learn about our payroll service options.Nyle G Taylor, CPA Chartered - Payroll Icon
      • Time Keeping Solutions – Learn about state of the art employee time card tracking and reporting.Nyle G Taylor, CPA Chartered - Time Clock Login
      • Close
    • Close
  • Blog
    • NGT Blog – Tax, Accounting and Business Tips – Read our tax, accounting, and business tips.Nyle G Taylor, CPA Chartered - Website Blog Icon
    • Video Blog – View our tax, accounting, and business tips.Nyle G Taylor, CPA Chartered - Video Blog Icon
    • Close
  • About
    • About – Learn about us.Nyle G Taylor, CPA Chartered - About Us Icon
    • Nature Photography by Nyle
    • Close
  • Contact
    • Contact – I’ll be happy to answer your questions and schedule an initial appointment to explain how we can help.Nyle G Taylor, CPA Chartered - Contact Us Icon
    • Close
You are here: Home / Archives for Nyle G Taylor CPA

November 9, 2018 by Nyle G Taylor CPA

Can You Deduct Defunct S Corporation Expenses?

Let’s say you dissolved your corporation, and then some unexpected corporate expenses arrived. You paid them personally because the corporation was no longer in business. Guess what? No deduction. The corporation can’t pay the expenses because it no longer exists. The owner can’t pay the expenses and then deduct them because he didn’t incur those expenses inside a business that he operates in his personal name. If you are going to shut down … [Read more...]

Filed Under: NGT Blog - Tax, Accounting and Business Tips

November 9, 2018 by Nyle G Taylor CPA

Claiming the New Employer Tax Credit for Family and Medical Leave

You compete for employee talent in a variety of ways, including perhaps by implementing a medical and family leave policy. The good news on this front is that your federal government may have given you a tax credit (yes, that lovely dollar-for-dollar offset to your taxes) for what you wanted to do anyway. The Tax Cuts and Jobs Act (TCJA) establishes a new federal income tax credit for employers that provide qualifying paid family and medical … [Read more...]

Filed Under: NGT Blog - Tax, Accounting and Business Tips

November 9, 2018 by Nyle G Taylor CPA

Defining “Real Estate Investor” and “Real Estate Dealer”

The first good news is that you can be both real estate investor and real estate dealer with respect to your real estate portfolio. The next good news is that you are in control, and by knowing just a few rules about dealer and investor classifications, you can do much to increase your net worth. Let’s take a quick look at how big a difference you can make in the tax bite. Say you have a $90,000 profit on the sale of a property. Dealer … [Read more...]

Filed Under: NGT Blog - Tax, Accounting and Business Tips

November 9, 2018 by Nyle G Taylor CPA

Tax Reform and the Cannabis Industry

You won’t get a Section 199A tax deduction for your cannabis business. But some of the other tax reform changes may make the C corporation a more attractive choice of entity than before. Let’s look at an example. Say the cannabis business has the following financials:   Cash Tax Gross Receipts $500,000 $500,000 Cost of Goods Sold -$325,000 -$325,000 Gross … [Read more...]

Filed Under: NGT Blog - Tax, Accounting and Business Tips

November 9, 2018 by Nyle G Taylor CPA

IRS Says TCJA Allows Client and Prospect Business Meal Deductions

In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act. This is very good news indeed. Under this new IRS guidance, you may deduct 50 percent of your client and prospect business meals if the expense is an ordinary and necessary expense under Internal Revenue Code (IRC) Section 162(a) and is paid or incurred during the taxable year in carrying on any trade or … [Read more...]

Filed Under: NGT Blog - Tax, Accounting and Business Tips

  • 1
  • 2
  • 3
  • Next Page »

Helpful Tools

Free Financial Calculators
  Financial Calculators

 

  • W-4 Form Download (PDF)
  • I-9 Form Download (PDF)
  • Direct Deposit Form Download (PDF)
  • IRS W-4 Withholding Calculator

Download Free Tax Information Brochures

NGT Free Tax BrochuresGain access to over 90 important tax information brochures.
Click Here

Facebook Feed

Facebook Posts

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

This message is only visible to admins:
Problem displaying Facebook posts.

Error: (#10) To use "Page Public Content Access", your use of this endpoint must be reviewed and approved by Facebook.
Solution: See here for how to solve this error.

Professional Links

American Institute of Certified Public Accountants

Member of American Institute of Certified Public Accountants

Member of Idaho Society of Certified Public Accountants

Member of Idaho Society of Certified Public Accountants

Better Business Bureau Accredited Business

Nyle G Taylor, CPA, Chartered BBB Business Review

Search This Site

Login Links

   Employee Time Login

   NGT Timeclock Login

Access Your Liscio Account Here

Login to Your Liscio Account

This link will open in a new tab. If you need to setup a Liscio account please contact our office.

Make a Payment

You can make a secure payment using the link below.

Make a Payment

Contact

NYLE G TAYLOR CPA CHARTERED
611 Wilson Avenue, Ste. 6C
Pocatello, Idaho  83201

208-232-5900
Fax: 866-225-8137

Map
Contact Form

Set An Appointment

Set an appointment with Nyle using Calendily.

Set An Appointment

View Our Facebook Page

  • Facebook
  • Home
  • Personal Income Tax
  • Business Income Tax
  • Business Accounting
  • Payroll
  • Blog
  • About
  • Contact

Copyright © 2019 · NYLE G TAYLOR CPA CHARTERED
Design & Content by Rave Communications, Inc.