A cost segregation study could be the key the unlocking an overlooked treasure chest of tax savings if your business owns commercial real estate property. A cost segregation study is
You may be eligible for a potentially significant tax break for qualified small business (QSB) stock if your business operates as a C corporation. Due to recent tax law changes,
For a business structured as a limited liability partnership (LLP) or a limited liability company (LLC), the passive activity loss (PAL) rules may limit your ability to deduct losses. In
For many small businesses, worrying about the provisions of the Affordable Care Act (ACA) isn’t a top priority, as they usually lack the number of employees required. But the rules
For some research and development activities, companies may qualify for a federal research credit. However, not all research activities qualify, and the credit can be difficult to calculate. But, the
How you put money into your company and take it back out can have a major effect on your tax bill if it operates as a C corporation. Capital contributions
For most organizations, closing their books on December 31 for accounting and tax purposes makes the most sense. But just because it aligns with the calendar year, doesn’t mean it’s
Did you know your business may qualify for working animal tax deductions? From guard dogs protecting property to cats controlling rodents, the IRS allows deductions for animals that serve a
As part of their employee benefits packages, many businesses offer health care and dependent care flexible spending accounts (FSAs). For employees, these plans provide valuable tax savings. For employers, these
You may be eligible for valuable tax deductions on your 2025 income tax return if you used one or more vehicles in your business during 2025. Business use of a
