Archive for Category: Tax Savings

Act Now! Tax planning opportunities for 2018

As 2018 comes to an end, it’s time to think about year-end tax planning for 2018, and to plan ahead for 2019, especially with the new tax reform legislation passed by Congress last year.  This article highlights potential tax-savings opportunities and strategies for you to consider.

Read More

Tax Implications of Selling Your Business

Tax Implications of Selling Your Business You are excited about sealing the deal. You can almost see money exchanging hands. You can imagine an immediate future where you have already sold your business and move on to something else. But you may have forgotten something—taxes. Specifically, taxes that are...

Read More

The Protecting Americans from Tax Hikes Act Passed! Here’s All the Info You Need.

It’s official! The House, Senate, and President passed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), which includes momentous tax breaks and incentives for taxpayers. Included in this legislation are over 20 vital permanent provisions that will benefit individuals and businesses alike, including a permanent R&D...

Read More

Handling Interest on Loans to Inject Capital in your Business

There are instances when you can write off interest on personal loans used for business purposes, such as injecting capital into an S corporation, multi-member LLC, partnership or C corporation. But keep in mind that interest expenses must be classified into one of four categories (see box at the...

Read More

Tax Structuring for Exporters – IC-DISC

In my previous article, How to Start a Global Sales Strategy for Your Exports , I discussed some significant incentives and resources Maryland offers manufacturers that are considering an export initiative. This second article of the three part series will look at tax structures for exporters and the incredible...

Read More