When tax law shifts, so do the opportunities. Entrepreneurs who act now can turn today’s provisions into lasting advantages for their business.
Tax Planning
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.
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.
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?
Great. One more tax to pay. But this one can save you money. Let us help make it easy… complete with pictures.
The Employee Retention Tax Credit (ERTC for short, ERC for even shorter) is coming around for its sequel.
The IRS has released its statistics from 2019 filed tax returns… great, maybe now they can start answering the phone.
This is interesting data and will be utilized for all kinds of important matters, such as: census data, political wrangling, arguments for/ against income inequality, arguments for/ against “paying their fair share”, informing tax policy and enforcement matters, and measuring contests… to name just a few.
What’s the breakdown? Keep going and find out!
A pragmatic person may ask “How is this going to get paid for?”… drumroll please… TAXES!