Separating your business from its real estate

Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the business? You may want to rethink this approach. Any short-term benefits may be outweighed by the … Continued

New Tax Law: Inflation Reduction Act

  The recently enacted Inflation Reduction Act of 2022 contains several new environmental related tax credits that are of interest to individuals and small businesses. The Act also extends and modifies some preexisting credits. Below is a brief summary of … Continued

Three tax breaks for small businesses

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. 1. QBI deduction For 2018 through 2025, the qualified business income (QBI) deduction is … Continued

Quarterly Taxes Due Soon

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated taxes … Continued