by Joan Buchman Miller | Jul 6, 2026 | Accounting, income tax, tax planning
Small business owners must answer an important question: Should we use the cash or accrual accounting method for federal income tax purposes? Larger entities are required to use the accrual method. But certain small businesses can elect to use the cash method. You may...
by Joan Buchman Miller | Jun 30, 2026 | Accounting, income tax, LLC, S Corporation, tax planning
Start-ups must choose a legal entity for their business activities. The type of entity you select affects how the business is taxed and who may be held personally liable for its debts and obligations, among other things. Two popular options — assuming you’re going...
by Joan Buchman Miller | Jun 10, 2026 | Accounting, income tax, tax planning
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements for sole proprietors and independent contractors, and five examples of expense deductions that...
by Joan Buchman Miller | May 19, 2026 | Accounting, LLC, tax planning
Although your business may seem big to you, you may wonder how the government classifies it for tax purposes. If your organization qualifies as a “small business,” you may enjoy several important tax advantages. But the rules for specific tax provisions vary. So,...
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 | Apr 17, 2026 | Accounting, income tax, tax planning
Companies that engage in research and development activities may qualify for a federal tax credit for some of those expenses. The credit is complicated to calculate, and not all research activities are eligible — but the tax savings can be significant. Here are...
