Business Tax Articles
Strategic Tax Considerations for Business Acquisitions
Posted by Cory Van Deusen V on May 20, 2024
When acquiring a business, it’s crucial to consider the tax implications of the transaction’s structure. Proper planning can optimize tax outcomes post-acquisition.
How to Use Debt to Lower Taxes for a C Corporation
Posted by Brian Kern on May 13, 2024
For closely held C corporation shareholders, incorporating third-party or owner debt into your capital can be tax-efficient due to lower income tax rates and avoiding double taxation on dividends. Consult with us for tailored advice.
Deducting Partnership Business Expenses
Posted by Kerry Roets on April 29, 2024
Partnership owners may incur costs associated with client entertainment, transportation for meetings, professional development materials, and home office expenses. How are these expenses deducted?
Adopt a Divergent Strategy Regarding Income and Deductions
Posted by Michē Needham on April 22, 2024
Businesses usually try to delay taxable income and speed up deductions. Sometimes, the reverse strategy is better.
Choosing the Right Business Structure - An S Corporation or an LLC?
Posted by Hayden Coll on March 26, 2024
Choose between an S corporation or LLC for your business based on various factors and tax advice. Our team can guide you.
2023 Year-End Tax Planning Guide - Corporate and M&A
Posted by Cory Van Deusen V on March 22, 2024
Corporations face a variety of unique tax rules and challenges - consider these key developments as corporations close tax year 2023 and begin 2024.
2023 Year-End Tax Planning Guide - Tax Accounting Methods
Posted by Cheryl A. Jankowski on March 15, 2024
A taxpayer’s tax accounting methods determine when income is recognized and costs are deducted for income tax purposes. Many method changes require an application be filed with the IRS prior to the end of the year for which the change is requested.
2023 Year-End Tax Planning Guide - Business Incentives & Tax Credits
Posted by Kristin Re’ on March 12, 2024
Learn about refundable payroll tax credits, earning tax credit for increasing research activities, tax credit monetization and more in this guide covering business incentives and tax credits.
Maximizing Tax Benefits: Utilizing the Work Opportunity Tax Credit in Manufacturing
Posted by Kristin Re’ on March 12, 2024
Claiming the Work Opportunity Tax Credit is a federal tax credit that offers manufacturers an opportunity to diversity the workforce while realizing significant tax saving.
Optimizing the Qualified Business Income Deduction
Posted by Brian Kern on March 11, 2024
Eligible businesses can claim the qualified business income (QBI) deduction until 2025. After that, it will expire unless Congress decides to keep it. So take advantage of the tax benefit while it’s still available.