Privately Held & Family-Owned Business

Apply the Research Tax Credit Against Payroll Tax

September 19, 2017

Many smaller businesses that engage in research and development haven’t been able to use the research tax credit because they pay little or nothing in income tax. That’s changed. In March 2017, the IRS issued guidance (Notice 2017-23) that provides information on the ways eligible small businesses can take advantage of this valuable credit. This…

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Why You Might Not Want to Include Corporate Assets with Business Assets

July 1, 2016

There are a multitude of reasons why you may choose not to combine real estate and other assets within a single entity. For instance, your business may be liable if injuries occur on the property, or if the company is confronted with legal liabilities, this may affect your ownership of the property. Tax savings, limited liability and flexibility are just a few of the reasons that holding real estate in a separate entity may be beneficial to you.

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