For companies that engage in research and development (R&D) spending, there are valuable tax credits that can be taken. But all too often small business owners and those who are creating startups don't realize these R&D credits exist. A tax advisor might catch them, but many small businesses handle their own taxes.
If you own a small business, one of the most important aspects of keeping it going might mean passing it down to your children one day. There are some ways to do that well, and some methods that may not be as effective. ...
The pandemic is nowhere near over, and as new strains of COVID-19 threaten from the United Kingdom and South Africa, small businesses are naturally worried about their future. Thankfully, Congress has approved a $900 ...
A cost segregation study seeks to identify and speed up depreciation deductions. It also helps you defer state and federal income taxes. Thus, you end up increasing your cash flow.
Limited liability companies (LLCs) operate as sole proprietorships or partnerships. Thus, their owners are liable to pay self-employment taxes. However, becoming an S corporation can enable the owners to reduce their ...
Did you know that you can sell your low-priced securities, realize losses, and offset your capital gain tax liability with the losses? The exercise stands as tax loss harvesting.