Apply Research Tax Credits to Payroll Taxes

The research tax credit is an advantageous credit that small businesses and start-up can take advantage of.   Typically the credits are applied to income taxes, in this article we offer another option, applying the credit to payroll. 

Read Research Tax Credits

Q3 Tax Calendar: Deadlines for Businesses
and Individuals

Third quarter of 2022 does bring a few tax deadlines for businesses and individuals including August and September. 

Read Q3 Tax Calendar

Understand the Tax Rules of Buying or

Selling Your Business

Buying or selling a business is a life moment in your professional career, and it comes with several tax transactions.  When considering the purchase or sale of your business it is important to understand how the deal will be structured including the tax aspects of ownership interest or assets.

Read Buying or Selling Your Business

Valuable Dividends:

Tax Deductions Available to C Corporations

C corporations can take advantage of the 50% tax deduction known as dividends-received deduction.  The deductions are taxed at a lower rate on dividends than on capital gains.

Read C Corp Tax Deductions

Vehicle Mileage Rates for  Personal Deductions

With the cost of gasoline being so high, both businesses and individuals are looking to cut costs and save where they can.  In this article we explore the ways individuals may be able to deduct vehicle related expenses.

Read Vehicle Mileage

Related Article:  IRS Increases Standard Mileage Rate and Deduction Options, Effective July 1

Do you Serve on a Nonprofit Board of Directors?

Pass it on! Exempt Organizations Salary Survey

The Lumsden McCormick Exempt Organizations Salary Survey is back.  The 2022 Survey will provide valuable compensation information for nonprofits and other exempt entities to attract and retain talented employees. 

Pass on the link to the Salary Survey!