Missed the R&D Credit in Prior Years? Here’s Your Second Chance
For years, uncertainty surrounding Section 174 made many businesses hesitate to pursue the Research & Development (R&D) Tax Credit and Deduction. Since 2022, complex capitalization rules and compliance burdens left even innovative companies wondering whether the work was worth the effort.
How the PTE Election Helps High Earners Legally Work Around the SALT Cap
The State and Local Tax (SALT for short) deduction cap has frustrated business owners and high-income earners since 2018. But there is a legal and IRS-respected strategy that can help reclaim lost deductions: the Pass-Through Entity (PTE) tax election.
Taking Equity in Lieu of Payment - Things you need to know.
Taking shares for your fee is an excellent way to create upside for your consulting work, but make sure you are being smart about the transaction.