by Brian Hare, CPA, CGMA | Sep 9, 2022 | Blog, Business, Tax
Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. The standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely produce the...
by Brian Hare, CPA, CGMA | Aug 4, 2022 | Tax
Sometimes, bigger isn’t better: 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, the qualified business income (QBI) deduction is...
by Brian Hare, CPA, CGMA | Dec 16, 2020 | Tax
Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind. You maybe able to drive into more savings for your business with the heavy SUV tax break. A cap on deductions Cars are subject to more...
