Profit Statements: The P&R Blog
Thanksgiving Leaf & Pumpkins
We’re thankful for you!
Research credit available to some businesses for the first time
The Tax Cuts and Jobs Act (TCJA) didn’t change the federal tax credit for “increasing research activities,” but several TCJA provisions have an indirect impact on the credit. As a result, the research credit may be available to some businesses for the first time. AMT reform Previously, corporations subject to alternative minimum tax (AMT) couldn’t …read more.
Buy business assets before year end to reduce your 2018 tax liability
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase qualifying assets and place them in service by the end of the tax year. That means there’s still time to reduce your 2018 tax liability …read more.
Tax Efficient Sale of Your Business
So you’ve decided: you reached the point in your business growth to turn that lifetime of sweat equity into cash, financing your dreams of traveling around the world…or at least around a few golf courses. You’re convinced it’s worth millions, but when that first offer comes, you find at best, after a broker’s commission and …read more.
Reduce insurance costs by encouraging employee wellness
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 likely you’ll incur costly claims and high workers’ compensation premiums. There are, however, bigger-picture issues that …read more.