Year-End Tax Strategies - It's Never Too Early to Start Planning

As we near the 4^th quarter of 2022, now is the time for small businesses to embark on some year-end planning.  These four strategies are a great plan to start: QBI deduction, cash vs. accrual accounting, Section 179, and bonus depreciation.

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What Small Businesses Need to Know About the Inflation Reduction Act

For the tax year beginning January 1, 2023, small business owners under the new Inflation Reduction Act will be eligible for an additional $250,000 as a payroll credit. Learn if you qualify.

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Related Article: Energy Tax Breaks from the Inflation Reduction Act

Rules for Reporting Employee Health Coverage

Is your business required to comply with the IRS reporting rules related to employees’ health care coverage.  We explore the rules and necessary IRS forms that need to be filed.

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Three Small Business Tax Breaks 

Three tax breaks small business can take advantage of include QBI deduction, cash-method accounting, and Section 179 deductions. In this article we provide the details and how we can help.

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Related Article: Tax Treatment of Corporate Websites

Great Place to Work® Names Lumsden McCormick CPAs 

One of the Fortune Best Workplaces in Consulting & Professional Services™ in 2022

Lumsden McCormick was named by Fortune of one of the

Top 50 Best Workplaces in Consulting & Professional Services Firms in the county for 2022. 

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