As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s 2023 tax bill can improve your cash flow and your bottom line. Below are five strategies — including some…
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. QBI deduction defined The…
As the end of the year approaches, there’s still time to make moves that may reduce your federal tax liability. Read on for some strategies to reduce your 2022 tax bill. Time your income and expenses When…
Year-end tax planning strategies to implement now Now that Labor Day has passed, it’s a good time to think about making year-end tax planning moves that may help lower your small business taxes. The standard year-end approach…
Key Tax Breaks for Small and Mid-Size Businesses Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. 1. QBI deduction For 2018 through 2025,…
We originally published this article in late 2021 but thought it relevant to re-share. We updated data for 2023. If you’re planning to start a business or thinking about changing your business entity, you need to determine…
Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction, or Section 199A deduction. It’s available to owners…
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