Dear Friends and Colleagues,

Several states have recently enacted legislation that allows S-Corporations and partnerships to pay state income taxes at the business level via their business tax returns. While this is a positive development, it may not financially benefit everyone.

With things changing rapidly, we thought it would be useful to give you an overview on this issue, and what to keep an eye on in the coming weeks.

To read our analysis of these important changes, please click here.

We will update you as more details become available.

Should you have any questions about the above, please feel free to contact our office at any time.

Gatto McFerson Certified Public Accountants, LLP
Tom A. McFerson, CPA, ABV
Gatto McFerson, CPAs