When tax law shifts, so do the opportunities. Entrepreneurs who act now can turn today’s provisions into lasting advantages for their business.
Cape Cod CPA Tax News
If you’re a business owner, you may already qualify for the Federal R&D Tax Credit without realizing it. It isn’t just for labs or tech startups — it’s for everyday entrepreneurs solving real-world problems. If your company is experimenting, problem-solving, or improving processes, you could qualify. Best part? The R&D Credit directly reduces your tax liability, creating real, immediate cash flow benefits.
The R&D Tax Credit is back to full strength. Thanks to the newly passed OBBBA, business owners can once again fully deduct R&D expenses — with new options to unlock prior-year refunds and manage future deductions. If you’re investing in innovation, this is a cash flow opportunity worth exploring.
The IRS is phasing out paper checks for nearly all payments and refunds starting September 30, 2025. This move is part of a broader effort to modernize the tax system, reduce fraud, and streamline processing. Here’s what the change means for you—and how to get set up now.
The recently passed “One Big Beautiful Bill Act” introduces new federal tax deductions for tipped and overtime income — with important implications for both employees and employers. This post breaks down what business owners need to know, from reporting requirements to strategic considerations.
Tax changes are being distilled in DC — including a potential extension of the Trump tax cuts, a rethink of the SALT deduction cap, and a new (higher) tax bracket for high earners. Here are the latest headlines gaining steam.
As the 2024 race continues, voters and small business owners will need to weigh the pros and cons of these two tax strategies.
Inherited IRAs require careful planning under the new regulations. Make informed decisions to ensure your financial strategy aligns with your personal circumstances and potential future tax scenarios.
This new regulation applies to the vast majority of small businesses. If you own or run a corporation (C or S), or a limited liability company (LLC), this pertains to you and is a MUST READ! Thank you in advance for taking the time to do so.
What should you do if you don’t want to be “wrongly accused” and caught up in the crack down on billions of taxable income dollars that go unreported via payments on apps like Venmo and PayPal?
Low hanging fruit? Worker classification remains a priority for the IRS and DOL.