Different owner payments have different tax implications. Make sure you prepare for the proper treatment before year end.
Estimated payments are due this year on Monday, September 16th.
California has recently decided to adopt some of the more critical changes made by the TCJA at the federal level.
Changes in the tax law that take effect for partnership tax years ending after December 31, 2017 require a review of the operating agreement and new tax elections on your 2018 partnership tax return.
Changes in the Tax Cuts and Job Acts will require changes to your chart of accounts.