by Jessica Robinson | Aug 31, 2023 | Manufacturing & Distribution, Tax Consulting, Tax Watch
Businesses are able to take advantage of numerous tax credits that incentivize certain activities. The research and development (R&D) credit, for example, allows companies to claim a tax credit for expenses related to improving existing products or services or...
by Drew Haddock | Jul 11, 2023 | Business Consulting, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
On June 13, 2023, the Ways and Means Committee of the U.S. House of Representatives voted favorably on H.R.3937, the Small Business Jobs Act (SBJA). Supporters say the bill would help small businesses and gig economy workers, encourage small business investment and...
by Kay Patterson, CPA | Jun 5, 2023 | Strategic Financial & Outsourced Accounting, Tax Consulting, Tax Watch
Running a small business presents many challenges, which can draw one’s attention in multiple directions at once. Keeping track of a company’s finances is essential to its long-term success and growth. Unfortunately, far too many small business owners do not pay close...
by Samantha Suozzi | May 23, 2023 | Tax, Tax Consulting, Tax Watch
Health savings accounts (HSAs) are an often overlooked tax planning tool that can not only save you taxes now but can also be used for wealth-building and retirement planning. If you are eligible to contribute to an HSA there are many benefits, some of which are often...
by DMJPS PLLC | Mar 16, 2023 | Employee Benefit Plans, Mergers & Acquisitions, Tax Consulting, Tax Watch
The IRS has released a series called the Tax Time Guide, a resource to help taxpayers file an accurate tax return. Additional help is available in Publication 17, Your Federal Income Tax. Several of those resources and tools are highlighted below. This original...
by David A. Mize, CPA | Mar 14, 2023 | Business Consulting, Manufacturing & Distribution, Tax, Tax Consulting, Tax Watch
Filing deadlines for the 2022 tax year are fast approaching. Several changes have occurred in the Internal Revenue Code (IRC) and IRS procedures that could affect many partnerships and other businesses. The following provides an overview of some of these changes, as...
