Recent News & Blog / Business Tax
The Pros and Cons of Working with Family Members
Bringing family members into a small business can be appealing because of the trust and values you share; however, this can easily become complicated. If you are considering bringing family into your small business, here are some key pros and cons to review before acting.
What’s a “Small Business,” and Why Does It Matter?
Although your business may seem big to you, you may wonder how the government classifies it for tax purposes. If your organization qualifies as a “small business,” you may enjoy several important tax advantages, but the rules for specific tax provisions vary.
7 Ways to Protect Your Business from Tax Identity Theft
Tax identity theft isn’t limited to individual taxpayers—businesses are also targeted through their Employer Identification Numbers (EINs), payroll systems, and tax filings. The financial impact of these crimes can be significant.
Still Waiting on Your ERC Claim? Time Is Running Out—Take Action Now
If you filed a claim for the Employee Retention Credit (ERC) and still haven’t been paid, you are not alone.
How Cost Segregation Studies Can Reveal Substantial Tax Savings
Businesses that own commercial real property may be sitting on an overlooked treasure chest of tax savings—and a cost segregation study could be the key to unlocking it.
Unlock Tax-Free Gains with QSB Stock
If you run your business as a C corporation, you may be eligible for a potentially significant tax break for qualified small business (QSB) stock.
Material Participation and Why It Matters for LLP and LLC Owners
The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited liability partnership (LLP) or limited liability company (LLC).
ACA Penalties May Still Apply—and They’re Increasing for 2026
Many small businesses don’t have enough employees to worry about Affordable Care Act (ACA) provisions; however, as your business grows, these rules can apply sooner than expected.
FAQs About the Federal Research Credit
Companies that engage in research and development activities may qualify for a federal tax credit for some of those expenses. The credit can be complicated to calculate, and not all research activities are eligible—but the tax savings can be significant.
Debt vs. Equity: Classification Counts When Shareholders Put Money into Their Corporations
If you operate your business as a C corporation, how you put money into your company—and how you take it back out—can have a major impact on your tax bill.