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Blog Category Archives: Business Taxation

Is your business income eligible for the new 20% tax deduction?

Posted on by Amicus Law Group

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

Posted on by George Munro

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