The Tax Cuts and Jobs Act (TCJA) didn’t change the federal tax credit for “increasing research activities.” Regardless, several TCJA provisions have an indirect impact on the credit. As a result, the research tax credit may be available to some businesses for the first time. AMT Reform Previously, corporations subject to alternative minimum tax (AMT) … Continue reading “Research Tax Credit 2018: Available to Some Businesses for the First Time”
Month: October 2018
Reduce Insurance Costs by Encouraging Employee Wellness
Did you know that you can reduce insurance costs with an employee wellness program tax deduction? Protecting your company through the purchase of various forms of insurance is a risk-management necessity. But just because you must buy coverage doesn’t mean you can’t manage the cost of doing so. Obviously, the safer your workplace, the less … Continue reading “Reduce Insurance Costs by Encouraging Employee Wellness”
Ways to Reduce Taxes when Selling a Business
You’ve spent years building your company and now are ready to move on to something else. Whether it’s putting together a business expansion strategy, taking advantage of another career opportunity, or retiring. Whatever your plans, you want to get the return from your business that you’ve earned from all of the time and money you’ve … Continue reading “Ways to Reduce Taxes when Selling a Business”
Following the ABCs of Customer Assessment
When a business is launched, its owners typically welcome every customer through the door with a sigh of relief. But after the company has established itself, those same owners might start looking at their buying constituency a little more critically. If your business has reached this point, regularly completing a customer assessment is indeed an … Continue reading “Following the ABCs of Customer Assessment”
Now’s the Time to Review Your Business Expenses
As we approach the end of the year, it’s a good idea to start reviewing business expenses for deductibility. At the same time, consider whether your business would benefit from accelerating certain expenses into this year. Be sure to evaluate the impact of the Tax Cuts and Jobs Act (TCJA), which reduces or eliminates many … Continue reading “Now’s the Time to Review Your Business Expenses”
4 Pillars of a Solid Sales Process
Is your sales process getting off-balance? Sometimes it can be hard to tell. Fluctuations in the economy, changes in customer interest and dips in demand may cause slowdowns that are beyond your control. But if the numbers keep dropping and you’re not sure why, you may need to double-check the structural soundness of how you … Continue reading “4 Pillars of a Solid Sales Process”
Tax Free Fringe Benefits Help Small Businesses & Their Employees
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Tax free fringe benefits are especially attractive to employees. Let’s take a quick look at some popular options. Insurance Businesses can provide their employees with various types of insurance … Continue reading “Tax Free Fringe Benefits Help Small Businesses & Their Employees”
BYOD Implementation Plan: Combining Convenience with Security
It’s easy to understand why more and more businesses are taking a “bring your own device” (BYOD) approach to the smartphones, tablets and laptops many employees rely on to do their jobs. BYOD can boost employee efficiency and satisfaction, often while reducing a company’s IT costs. But the approach for this employee electronic device policy … Continue reading “BYOD Implementation Plan: Combining Convenience with Security”
Cost Segregation Study and Accelerating Depreciation Deductions
Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation deductions, thus reducing taxes and boosting cash flow. And the potential benefits are now even greater due to enhancements to certain depreciation-related breaks under the … Continue reading “Cost Segregation Study and Accelerating Depreciation Deductions”
Making A New Business Plan For The Year Ahead
Like many business owners, you probably created a business plan when you launched your company. But, as is also often the case, you may not have looked at it much since then. Now that fall has arrived and year end is coming soon, why not dig it out? Reviewing and making a new business plan … Continue reading “Making A New Business Plan For The Year Ahead”