An understanding of income taxes is a necessary component of ensuring a business is operating efficiently and effectively. The 2017 changes to the law have drastically impacted how businesses are taxed and created some tax-saving opportunities for businesses and business owners. The following is intended to educate you on the income tax liability your business may be exposed to as well as options that may exist to reduce your business's exposure to income tax liability.
Deductions and Credits
Business Deductions and Credits and Tax Benefits of Research and Development can help you to evaluate whether your business is utilizing available deductions. Will Your Pass-Through Benefit from the Reduced Business Tax Rate provides an overview of how the current tax law may impact your taxes and the Qualified Business Income Estimator helps to calculate whether you might benefit from the current law.