We've been talking tons about Covid 19 stuff over the last few weeks. Like the paycheck protection program. And employee retention credits. But a … [Read more...] about Killer Small Business Tax Breaks
business taxes
Physician 199A Deductions Can Work (if You Know Rules)
This week, I talk about physician 199A deductions. More specifically, I talk about how many physicians who own part or all of their medical … [Read more...] about Physician 199A Deductions Can Work (if You Know Rules)
Research and Development Credit Explained
Tax credits provide a popular way to pay less tax. A dollar of tax credit, for example, saves a dollar of tax. And one popular tax credit? The … [Read more...] about Research and Development Credit Explained
Paycheck Protection Loan Formula Explained and Illustrated
People are confused about how the paycheck protection loan formula works. And no wonder. Simple on the surface, the formula gets complicated once … [Read more...] about Paycheck Protection Loan Formula Explained and Illustrated
The 50 Percent Section 2301 Employee Retention Credit
The Section 2301 Employee Retention Credit gets a little bit complicated once you dig into the details. But if you're a small business owner, you … [Read more...] about The 50 Percent Section 2301 Employee Retention Credit
COVID-19 Small Business Tax Relief
The nearly 900-page CARES act, signed this week by the President, can overwhelm small businesses and their advisers. But the new law provides small … [Read more...] about COVID-19 Small Business Tax Relief
Sobering Up About Qualified Opportunity Zones
You probably need to prepare for the holidays you and your family celebrate. Or maybe start work on some year-end accounting. Accordingly, I want … [Read more...] about Sobering Up About Qualified Opportunity Zones
Section 1202 Qualified Small Business Stock Exclusion
Are you a small business owner who wants to sell your firm? Do you operate as a "C" corporation? You definitely want to know how Section 1202 … [Read more...] about Section 1202 Qualified Small Business Stock Exclusion
Late S Corporation Payroll Hacks
This time of the year, tax accountants confront a common problem. That problem? Well, okay, this is awkward… but somehow, no one quite knows how, … [Read more...] about Late S Corporation Payroll Hacks
Section 199A Deduction Rookie Mistakes
CPAs and taxpayers made some Section 199A mistakes in 2018. We saw that a lot in the returns people asked us to review. And in the returns that passed … [Read more...] about Section 199A Deduction Rookie Mistakes