Business Tax Benefits
As a business owner, you’ve worked hard to build wealth. But without a plan, high taxes and mismanagement could drain it. A dynasty trust helps secure your legacy for generations
January 17, 2025
Skip to content As a business owner, you’ve worked hard to build wealth. But without a plan, high taxes and mismanagement could drain it. A dynasty trust helps secure your legacy for generations
In a move that benefits business owners involved in research and development (R&D) activities, the IRS has extended the transition period for revising claims for the R&D tax credit. This
Since the Supreme Court’s landmark 2018 Wayfair decision, businesses of all sizes have faced a more complex sales tax landscape. The ruling allowed states to impose sales tax collection requirements
Cryptocurrency investors, businesses, and brokers are about to face a major shift in tax reporting. Starting January 1, 2025, the IRS will require brokers and other intermediaries to issue the
The IRS has recently rolled out several updates that are critical for business owners to understand, especially with regard to the Employee Retention Credit (ERC), the Corporate Alternative Minimum Tax
As Donald Trump returns to the political spotlight, business owners are watching closely for potential tax changes that could impact their bottom line. While specific policy changes remain uncertain, the
Running a business is challenging enough without the added risk of getting entangled in fraudulent tax schemes. Unfortunately, some professionals misuse their expertise, leading to devastating consequences for themselves and
For business owners, navigating the complexities of capital losses can offer significant opportunities to reduce tax liabilities. Understanding how to strategically manage and utilize these losses can directly impact your
Each year, the IRS adjusts various tax provisions to account for inflation, impacting standard deductions, income thresholds, and retirement contributions. These adjustments are particularly relevant for business owners who need
Start-ups often face numerous hurdles, and unfortunately, many new businesses overlook critical tax obligations. Cash flow issues, often stemming from tax missteps, contribute to the failure of 82% of start-ups.
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