Recent News & Blog / Business Tax
R&E with Angi: What activities qualify for the R & E Credit?
If you have not read our last installment on who can take the R&E Credit, please click here to read that first.
R&E with Angi: Who can take the R & E Credit?
A question we are often asked is, “can my business or industry take the R & E Credit?” In most cases, the answer is “yes, if you have qualifying activities, you can certainly claim the credit no matter what industry you are in.”
It’s a good time to buy business equipment and other depreciable property
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time.
R&E with Angi: Are You an Innovator?
You are a company who feeds on making new products. You are a company who wants to meet customer needs by customizing a current product that you already offer.
Which entity is most suitable for your new or existing business?
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. The TCJA also cut individual income tax rates, which apply to sole proprietorships and pass-through entities, including partnerships, S corporations, and LLCs (treated as partnerships for tax purposes). These changes have caused many business owners to ask: What’s the optimal entity choice for me?
Put a Number on Your Midyear Performance with the Right KPIs
We’ve reached the middle of the calendar year. So how are things going for your business? Conversationally you might say, “Pretty good.” But, analytically, can you put a number on how well you’re doing — or several numbers for that matter?
Consider a roth 401(k) plan — and make sure employees use it
However, despite the prevalence of employers offering Roth 401(k)s, most employees aren’t choosing to contribute to them. Perhaps it’s because they don’t understand them. If you offer a Roth 401(k) or you’re considering one, educate your employees about the accounts to boost participation.
Will Leasing Equipment or Buying It Be More Tax Efficient for Your Business?
Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many businesses that formerly leased assets are now deciding to buy them.
When Are LLC Members Subject to Self-Employment Tax?
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax.
When Holiday Gifts and Parties are Deductible or Taxable
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties.