Strategic business tax planning and filing guides for S-Corps, C-Corps, LLCs, and Partnerships. Explore tax optimization strategies tailored to every stage of your business growth.
What is a Section 127 educational assistance program and how much can employers provide tax-free? Section 127 of the Internal Revenue Code allows employers to exclude up to $5,250 per calendar year per employee from gross income for educational assistance — covering tuition, fees, books, supplies, and (through December 31, 2025, unless extended) qualified student…
What is the new ERC disallowance Form 907 extension process? The IRS announced on April 27, 2026 (IR-2026-58) a streamlined way for taxpayers facing the 2-year refund-suit deadline after an Employee Retention Credit disallowance (Letter 105-C or 106-C) to submit Form 907 via the IRS Document Upload Tool — extending administrative review time and preserving…
How should businesses account for government grants under US GAAP? US GAAP has no comprehensive standard for business government grants, so entities apply an accounting policy by analogy — typically IAS 20 (deferred income or net asset reduction), ASC 958-605 contribution model, or revenue recognition — and now must comply with ASU 2024-04’s enhanced disclosure…
What are the most important state tax updates April 2026? Multiple states moved on OBBBA conformity (Oregon, Maine, Kentucky, New Mexico), Maine created a new PTET and 2% high-income surcharge, Wisconsin extended R&D credit carryforwards to 50 years, Kentucky added a 14.25% prediction-market excise, and Washington’s new 9.9% personal income tax on income over $1M…
Is an APA the right tool for your multinational’s transfer pricing strategy? An advance pricing agreement 2026 locks in an IRS-approved transfer pricing method for up to five prospective years, eliminating audit risk and double taxation for multinationals operating between the US and foreign jurisdictions. For multinational companies with intercompany transactions crossing US borders, transfer…
Is your partnership ready for the 2026 BBA changes? Form 8979 was revised September 2025 and AAR procedures updated for 2026. Learn what LA partnerships and CPAs must know about the latest BBA partnership audit 2026 rules. If you manage a partnership, LLC, or real estate syndicate with complex K-1 filings, the IRS just handed…
Can tax firms finally manage their CAF digitally? The IRS Tax Pro Account now gives tax firms business-level control over their CAF relationships, letting designated representatives manage employee authorizations, link CAF to EIN, and reduce paper workflows. On February 9, 2026, the IRS announced a significant upgrade that tax-preparation companies, accounting firms, and professional organizations…
Is the DOL changing how independent contractors are classified? Yes — a proposed 2026 rule introduces a two-core-factor economic reality test that could reshape how your business classifies 1099 workers under federal law. The comment period closes April 28, 2026. The Department of Labor has just shaken up the gig economy landscape again. If your…
How much does a 401(k) really cost a small business? With the small business 401k tax credit under SECURE 2.0, employers with 50 or fewer workers can claim up to $5,000 per year in startup cost credits for three years — effectively making retirement plans nearly free to launch. If you own a small business…
What are the most important multi-state tax developments in April 2026? The Deloitte State Tax Matters April 2026 report (Issue 2026-14) highlights critical developments including Utah’s new Targeted Advertising Tax, state decoupling from federal bonus depreciation rules, Maryland’s disconformity from the OBBBA, and Indiana’s limited tax amnesty program — all with significant implications for multi-state…
Can my partnership or nonprofit now access the IRS Business Tax Account? Yes — the IRS Business Tax Account has expanded in 2026 to include partnerships, government entities, and tax-exempt organizations, giving millions more entities digital access to their federal tax information without relying on paper or phone. For years, small business owners, CPAs, and…
What is California’s new 12-digit business entity ID number? Since 2025, the California Secretary of State has been issuing a new California business entity ID number in a 12-digit alphanumeric format to newly formed corporations, LLCs, and limited partnerships. When using FTB Web Pay or tax preparation software, you must enter only the numeric digits…
What changed in the Form 1065 instructions for 2025? The IRS released updated Form 1065 instructions for 2025 (processing year 2026) with new direct deposit lines, a Schedule K-2 exception checkbox, and new Schedule K-1 reporting codes for partnership distributions and special transactions — including provisions from the One Big Beautiful Bill Act. If you…
What does IRS Notice 2026-7 change about the corporate alternative minimum tax? Notice 2026-7 provides additional interim guidance on the CAMT, focusing on adjusted financial statement income (AFSI) adjustments for tax-deductible repairs, Section 197 intangibles, domestic research amortization under Section 174A, film and TV production costs, and low-cost materials. It also modifies troubled company guidance…
Can corporations still deduct charitable contributions in 2026? Yes, but the rules changed significantly. The One Big Beautiful Bill introduced a new 1% floor under IRC §170(b)(2)(A), meaning the corporate charitable contribution deduction 2026 only applies to donations exceeding 1% of taxable income — permanently eliminating the deduction value of smaller gifts. Corporate philanthropy has…
Rev. Proc. 2026-17 Explained: How to Reverse Your § 163(j) Election! Are you feeling stuck with a past tax election that no longer serves your business? Discover how the new IRS guidance lets you undo your real property or farming business interest elections and reclaim massive depreciation benefits. Let’s be completely honest—navigating the…
Essential California Tax Updates for 2026! Running a business in California? Stay ahead of the curve and avoid penalties by catching up on the newest sales tax rates, e-waste fees, and crucial USPS mailing rules taking effect this spring. Running a business in California is no walk in the park, especially when tax…
Are Alternative Investments Coming to Your 401(k)? The regulatory landscape for retirement plans is undergoing massive shifts. Let’s dive into what recent changes mean for offering crypto, real estate, and other alternative assets in company 401(k) plans, balancing employee demand with strict fiduciary risks. Hey everyone! 👋 Have you ever logged into your…
Want to write off 100% of your new production facility this year? The IRS just dropped major news for manufacturers and agricultural businesses regarding the One, Big, Beautiful Bill. Discover how Notice 2026-16 can save you a massive amount on your tax bill and exactly what you need to do to qualify! Hey…
Is your business facing a financial crossroads? Understanding the Chapter 11 plan is the first step toward reclaiming your company’s future and ensuring all stakeholders are treated fairly during the restructuring process. We’ve all been there—that sinking feeling when the bills start piling up faster than the revenue comes in. It’s a situation many…
Corporate Tax Planning in 2026: A New Era of Stability. Are you a CFO or tax professional trying to figure out the long-term impacts of the One Big Beautiful Bill Act? Let’s break down the new 21% permanent corporate rate, IP strategies, and what this firmer tax runway means for your business. Let’s be…
Navigating IRS Notice 2026-7: Your Guide to the Latest CAMT Guidance. Are you feeling overwhelmed by the Corporate Alternative Minimum Tax (CAMT)? This comprehensive guide breaks down the essential interim guidance from Notice 2026-7 so you can handle AFSI adjustments with confidence. Tax season is always a whirlwind, and if you are dealing with…
Is Your Business Interest Deduction Limited? Discover how the latest “One, Big, Beautiful Bill” changes for 2025 and beyond impact your taxes, from the $31 million exemption to new depreciation add-backs. Hey there, business owners and tax enthusiasts! 👋 Let’s be honest—navigating the tax code can sometimes feel like trying to solve a puzzle…
Frustrated by the $10,000 SALT Cap? Discover the powerful, temporary tax strategy that S-Corp and LLC owners are using to bypass this limit and potentially save thousands on their federal taxes. Are you a successful business owner, maybe running an S-Corp or LLC in a high-tax state like California, New York, or New…
R&D Tax Credit Doubled to $500,000! Are you an innovative startup? Learn how a recent update doubled the R&D payroll tax offset, putting up to half a million dollars back into your pocket, even if you’re not profitable. If you’re building a startup, you know that every single dollar counts. We pour our…
Want a $10 Million Tax-Free Startup Exit? This isn’t a fantasy. It’s a little-known U.S. tax code called QSBS, and understanding it could be the most valuable financial decision you ever make as a founder. Have you ever spent years, maybe even a decade, pouring your heart and soul into your startup? You’ve weathered…
Starting a Business With a Friend? This guide covers the 5 critical questions you MUST answer before you start, or risk losing both your business and your friendship. Let’s be honest, the idea of starting a business with your best friend sounds like a dream, doesn’t it? You’ll conquer the world, make millions,…
Confused by U.S. “At-Will” Employment? This common cultural and legal misunderstanding can lead to multi-million dollar lawsuits. Discover what “at-will” really means and how to protect your company from costly mistakes. Have you ever found yourself in a work situation that just felt… off? Maybe you saw a decision made that didn’t just seem…
What is a “Business Pre-nup”? Learn how a Buy-Sell Agreement is the most powerful tool for securing your business’s future, protecting your partners, and ensuring your family’s financial security. If you’re a business owner, you know the feeling. You’ve poured your heart, your soul, and countless sleepless nights into building something that truly matters….
Thinking of incorporating in Delaware to save on taxes? Let’s find out if that’s really true. This article busts the most common myth about Delaware and reveals the *real* reasons why startups choose it. If you’re starting a new company, especially a tech startup, you’ve almost certainly heard this piece of advice: “You *have*…
