Recent News & Blog / Business Tax
How Will Taxes Affect Your Merger or Acquisition?
Whether you’re selling your business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or failure and should be a key factor when considering a merger or acquisition.
New Deduction for QPP Can Save Significant Taxes for Manufacturers and Similar Businesses
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property (QPP).
Maryland Businesses: Claim Your $300 Exemption Before Year-End
If your business operates in Maryland, you may be eligible for a $300 exemption under the MarylandSaves Credit program. Here’s what you need to know:
What You Need to Know About Deducting Business Gifts
Thoughtful business gifts are a great way to show appreciation to customers and employees, and they can also deliver tax benefits when handled correctly.
2025 Year-End Year-Round Tax Planning Guide
At SEK, we are dedicated to helping you maximize your income through a variety of tax-saving strategies. We are excited to share our 2025 Year-End Year-Round Tax Planning Guide, which includes:
Now is the Time to Review Business Expenses Before Year End
Accelerating deductible expenses into this year will generally reduce 2025 taxes and could even provide permanent tax savings, making now an important time to review your business’s expenses for deductibility.
Should your business maximize deductions for real estate improvements now or spread them out?
Commercial real estate usually must be depreciated over 39 years. However, certain real estate improvements—specifically, qualified improvement property (QIP)—are eligible for accelerated depreciation and can even be fully deducted immediately.
There’s still time for businesses to benefit from clean energy tax breaks
The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, extends or enhances many tax breaks for businesses. However, the legislation terminates several business-related clean energy tax incentives earlier than scheduled.
Tax Court case provides lessons on best recordkeeping practices for businesses
Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance and tax savings.
Receive $10,000 in cash at your business? The IRS wants to know about it
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on your tax return.