Tax Planning

Debt vs. equity: Classification counts when shareholders put money into their corporations

How you move money into your C corporation today can shape your tax outcomes tomorrow. Here’s why making bona fide loans to your business can be a tax-smart move.
March 30, 2026
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If you operate your business as a C corporation, how you put money into your company — and how you take it back out — can have a major impact on your tax bill. Payments from shareholders to fund the business can either be classified as capital contributions (equity) or shareholder loans (debt). That might sound […]
#BusinessStrategy, #CorporateTax, #TaxPlanning
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Retirement Planning

Don’t miss your opportunity to make a 2025 IRA contribution — whether you can deduct it or not

.Making a 2025 IRA contribution can provide tax savings today or when you take distributions in retirement. And you can benefit from tax-deferred or tax-free compounding. But the contribution deadline is coming up soon.
March 24, 2026
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Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination of the two). But once the contribution deadline has passed, the opportunity to contribute for that year is lost forever. The deadline for 2025 IRA contributions is April 15, 2026. You may be eligible to […]
#IRATips, #RetirementPlanning, #TaxPlanning
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Financial Reporting & Assurance

Should your business consider a fiscal year end?

For many businesses, the calendar year is the default setting for tax reporting. But in some situations, a different year end may be the smarter choice.
March 23, 2026
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Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year. But a calendar year isn’t always the best option. For some companies, choosing a fiscal year end that better reflects their business cycle can improve financial reporting and simplify year-end procedures and tax filing. Here’s […]
#BusinessStrategy, #FinancialReporting, #TaxPlanning
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Real Estate & Construction

Why you might want to build a wall between your business and its real estate

Many businesses initially place real estate in the same entity as their operating assets. But separating your company from its real estate can offer several important benefits.
March 18, 2026
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Does your business own its real estate in a separate holding company, such as a limited liability company (LLC) or limited partnership? This practice can provide several advantages, including shielding property from your company’s creditors. It can also ease estate planning if, for example, you want to transfer business interests to your children while retaining […]
#AssetProtection, #BusinessRealEstate, #TaxPlanning
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Tax Planning

Business deductions for four-legged coworkers

Expenses related to animals that protect business property or inventory may qualify for tax deductions. But the IRS draws a clear line between a working animal and a household pet. Learn the tax rules and required documentation.
March 16, 2026
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Did you know that you can claim tax deductions for animals that serve a bona fide business purpose? This benefit extends beyond agricultural operations. Working animals in many sectors may qualify. Here are the details. Working animals vs. personal pets A working animal must provide a clear and direct business benefit. Common examples include: Dogs […]
#BusinessTaxDeductions, #SmallBusinessTaxes, #TaxPlanning
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