Recent News & Blog / Business Tax
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.
Run a business with your spouse? You may encounter unique tax issues
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.
New rules could boost your R&E tax savings in 2025
A major tax change is here for businesses with research and experimental (R&E) expenses.
Divorcing as a business owner? Don’t let taxes derail your settlement
Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated.
Lower your self-employment tax bill by switching to an S corporation
If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S corporation.