Lower your self-employment tax bill by switching to an S corporation

Monday, October 06, 2025
If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business...... Read More

A tax guide to choosing the right business entity

Monday, September 29, 2025
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business is taxed, the...... Read More

The new law includes a game-changer for business payment reporting

Monday, September 22, 2025
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made in 2026, the new law raises the threshold for information...... Read More

The QBI deduction and what’s new in the One, Big, Beautiful Bill Act

Monday, September 15, 2025
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligible taxpayers to deduct up to 20% of...... Read More

The new law includes favorable changes for depreciating eligible assets

Monday, September 08, 2025
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for depreciating...... Read More

Significant business tax provisions in the One, Big, Beautiful Bill Act

Monday, September 01, 2025
The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and...... Read More

Tap into the 20% rehabilitation tax credit for business space improvements

Monday, August 25, 2025
If your business occupies a large space and you’re planning to relocate, expand or renovate in the future, consider the potential benefits of the rehabilitation tax credit. This could be...... Read More

Startup costs and taxes: What you need to know before filing

Monday, August 18, 2025
The U.S. Census Bureau reports there were nearly 447,000 new business applications in May of 2025. The bureau measures this by tracking the number of businesses applying for an Employer...... Read More

DOs and DON’Ts to help protect your business expense deductions

Monday, August 11, 2025
If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months...... Read More

Mission and vision statements help businesses rise above the din

Friday, August 08, 2025
Many of today’s businesses operate in a cacophonous marketplace. Everyone is out blasting emails, pushing notifications and proclaiming their presence on social media. Where does it all leave your customers...... Read More