Business losses

Choosing an entity for your business? How about an S corporation?

C Corporation, Qualified Business Income Deducton (QBI), S Corporation, Self Employment Tax, Shareholder, Small Business, Small Business Tax Tips / Douglas Freeman

If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of business for your new venture. Here are some of the reasons why. A big benefit of an S corporation over a partnership is that as S corporation shareholders, you […]

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Inflation Reduction Act provisions of interest to small businesses

(CARES ACT), Alternate Minimum Tax (AMT), Federal Tax Credit, Inflation, Inflation Reduction Act, Payroll Tax Credit, Research Tax Credit, Small Business, Social Security Tax, Tax Cuts and Job Acts (TCJA) / Douglas Freeman

The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy and taxes. There has been a lot of media coverage about the law’s impact on large corporations. For example, the IRA contains a new 15% alternative minimum tax on large, profitable corporations. And the

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