R&D Tax Credits: Not Just for Dudes in White Lab Coats
When you hear “Research & Development,” what comes to mind?If you’re picturing scientists in lab coats, bubbling beakers, and million-dollar labs — you’re not alone. But here’s the truth: the R&D Tax Credit applies to far more businesses than most realize.From steel mills and software companies to bakeries and breweries, innovation looks different in every […]
Qualified Opportunity Zone Fund: How to Maximize Tax Benefits
Many investors assume that buying property in an Opportunity Zone (OZ) automatically provides a tax break. Unfortunately, that’s not the case. To benefit from OZ incentives, you must invest through a Qualified Opportunity Zone Fund using capital gains. Let’s break down the rules and the real tax benefits. Why You Need a Qualified Opportunity Zone […]
Shareholder Loans: Protecting Your Business and Personal Assets
Many small business owners loan money to their business at some point — whether it’s to cover startup costs, manage cash flow, or fund growth. But here’s the problem: most don’t realize that failing to properly document these loans can put both their business and personal assets at risk. If the IRS ever reviews your […]
Big Changes Ahead: SALT Deduction Rising in 2025
Big Changes Ahead: SALT Deduction Rising to $40,000 in 2025 Did you know the SALT (State and Local Tax) deduction is getting a major increase starting in 2025? For many taxpayers, this is a big deal. Let’s break it down. A Quick Look Back In 2018, the Tax Cuts and Jobs Act nearly doubled the […]
Depreciation Isn’t Always the Best Move for Your Business
Why Taking More Depreciation Isn’t Always the Best Move for Your Business When it comes to tax planning, depreciation is one of the most powerful tools business owners have. In my last two posts, I talked about bonus depreciation vs. Section 179. Both strategies let you deduct the cost of fixed assets more quickly, reducing […]
📊 Big Beautiful Tax Bill: Part 1
The Big Beautiful Tax Bill is making waves — and if you’re a small business owner, self-employed, or even a high-earning W-2 employee, the changes coming in 2025 could directly impact how much tax you owe (or save). In this first video of our new tax series, we’re digging into two major updates:✅ New tax […]