by Joan Buchman Miller | May 4, 2026 | Accounting, C Corporation, depreciaion, income tax, LLC, S Corporation, tax planning
Businesses that own commercial real property may be sitting on an overlooked treasure chest of tax savings — and a cost segregation study can be the key to unlocking it. This is a strategic tool that combines accounting and engineering techniques to identify building...
by Joan Buchman Miller | Jan 12, 2026 | Accounting, LLC, S Corporation, tax planning
Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation? In tax lingo, these are called “pass-through” entities because their taxable income items, tax deductions and tax credits are...
by Joan Buchman Miller | Dec 22, 2025 | Accounting, S Corporation
S corporation structure provides most of the tax benefits of a partnership plus the liability protection of a corporation. But because of the strict requirements that apply to these entities, preserving S corporation status requires due diligence. Reap the benefits...
by Joan Buchman Miller | Oct 28, 2025 | Accounting, C Corporation, income tax, LLC, S Corporation, tax planning
Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA)....
by Joan Buchman Miller | Aug 11, 2025 | Accounting, C Corporation, income tax, LLC, S Corporation, tax planning
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business is taxed, the level of administrative complexity and regulatory compliance obligations....
by Joan Buchman Miller | May 5, 2025 | C Corporation, S Corporation
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s compensation is unreasonably high or low, it may disallow certain deductions or reclassify payments, potentially leading to...
