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
Corporate taxation
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
Ignoring IRS 8995 Instructions to Double-deduct Self-employed Health Insurance
If you’re reading this, you already know, right? In many situations, the 199A regulations require adjustments to the qualified business income number … [Read more...] about Ignoring IRS 8995 Instructions to Double-deduct Self-employed Health Insurance
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
Section 951A GILTI Tax Avoidance: Ten Tricks
For some small businesses and individuals, the new Section 951A GILTI tax creates a huge planning challenge and compliance burden. And what's … [Read more...] about Section 951A GILTI Tax Avoidance: Ten Tricks
Section 962 Election: An Answer to GILTI?
As you probably know if you’re reading this blog post, many investors and entrepreneurs with an international footprint face a painful new tax, the … [Read more...] about Section 962 Election: An Answer to GILTI?
Do You Owe the Section 965 Transition Tax?
For either 2017 or 2018, many U.S. taxpayers with an interest in a foreign corporation owe(d) the § 965 transition tax. However, the new rule arrived … [Read more...] about Do You Owe the Section 965 Transition Tax?
Will Your Small Business Owe GILTI Tax?
A prediction for the coming tax season: GILTI taxes will blindside some small business owners operating internationally. Many small business owners … [Read more...] about Will Your Small Business Owe GILTI Tax?
Washington Small Business Payroll Setup Tips
You know your business needs to hire employees, and you’re already on board with using a full-service payroll provider such as Gusto, Intuit … [Read more...] about Washington Small Business Payroll Setup Tips