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...
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 | Jan 5, 2026 | Accounting, income tax, tax planning
With 2025 in the rear view mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for 2025. But what’s deductible (and what’s not) might not be as clear-cut as you think....
by Joan Buchman Miller | Dec 29, 2025 | Accounting, income tax, tax planning
A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules or limits may apply. Depreciation-related tax breaks Bonus depreciation: 100% Section 179 expensing limit: $2.56...
by Joan Buchman Miller | Dec 16, 2025 | Accounting, tax planning
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful Bill Act (OBBBA) makes changes impacting these rules, but not for the 2025 tax year. Tips and overtime income For 2025...
