March 2024
Maximize the QBI Deduction Before It’s Gone
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still [...]
The Rise of IoT and Smart Workplaces: Revolutionizing the Modern Office
In the era of digital transformation, the Internet of Things (IoT) has emerged as a cornerstone technology driving innovation across various sectors, notably in the creation of smart workplaces. By integrating IoT devices and systems [...]
Better Tax Break When Applying the Research Credit Against Payroll Taxes
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit involves complex calculations, which we’ll [...]
February 2024
Applying for a Commercial Loan with Confidence
Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial loan from a bank or [...]
Tax-Wise Ways to Take Cash from Your Corporation While Avoiding Dividend Treatment
If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax efficient since it’s [...]
Small Businesses Can Help Employees Save for Retirement, Too
Many small business owners run their companies as leanly as possible. This often means not offering what are considered standard fringe benefits for midsize or larger companies, such as a retirement plan. If this is [...]