Commercial Tax Newsletter | December 2023

Commercial Tax Newsletter

December 2023

Get prepared for year-end with inflation adjusted tax rates, improved cash flow, entity structure, and business owner compensation, all covered in our December 2023 Commercial Tax newsletter.

Act Now to Reduce Small Business Tax Liability for 2023

From being a cash business to large business purchases, you can reduce your 2023 tax liability.

Business Owners’ Compensation Amount Matters

Pay attention to how your business pays the owner, especially at year-end.

Related: 2023 Year-End Tax Planning Guide for Individuals

Businesses: 2024 Inflation-Adjusted Tax Rates and Amounts

The IRS has announced inflation-adjusted federal tax amounts for businesses and business owners.

Choose Best Entity Structure for Tax Purposes

When selecting or changing your business entity structure consider the tax aspects for both your business and owners.

Improve Cash Flow with a Cost Segregation Study

A cost segregation study may uncover added or increased depreciation deductions that can reduce your tax liability and improve cash flow.

View the full December newsletter.