Blog Category Archives: Business Taxation
Is your business income eligible for the new 20% tax deduction?
Do you own a business? Then you may be eligible for a tax deduction of up to 20% of your business income. A brand new income tax deduction was created in the 2017 Tax Cut and Jobs Act (“Tax Act”) … Continue reading
The PATH ACT – Permanently Extending the Qualified Small Business Stock (QSBS) 100% Gain on Sale Exclusion
Many small business owners face a large tax liability in the year of selling their business. A typical business owner will work in the business for many years, dutifully paying all applicable taxes. Then, when cashing out to retire, the … Continue reading