deduction

What’s the Qualified Business Income Deduction and Can You Claim It?

The Tax Cuts and Jobs Act drastically cut the corporate tax rate. But it also introduced the qualified business income (QBI) deduction. The QBI offers a way to lower the effective tax rate on the profits of owners of pass-through entities. These include sole proprietorships (including independent contractors), partnerships, limited liability companies, and S corporations. …

What’s the Qualified Business Income Deduction and Can You Claim It? Read More »

Are These Tax Deduction Mistakes Costing Your Small Business Money?

Are you throwing away money due to tax deduction mistakes? Doing your small business taxes is never a pleasant experience (well, it may be if you’re an accountant). This year’s taxes could be even more nerve-racking than normal since the Tax Cuts and Jobs Acts (TCJA), which took effect in January 2018, made some substantial …

Are These Tax Deduction Mistakes Costing Your Small Business Money? Read More »

Can You Take the 20 Percent Deduction for Pass-Throughs? Use This Tax Guide

Following the passage of the  Tax Cuts and Jobs Act, you may be wondering how the new qualified business income (QBI) deduction affects your taxes. There are many variables that can mean a big write-off, a modest one, or none at all. Let’s take this example: An S corporation owner who runs a successful home …

Can You Take the 20 Percent Deduction for Pass-Throughs? Use This Tax Guide Read More »

?
WP Twitter Auto Publish Powered By : XYZScripts.com