⏰Act Now to Reduce Small Business Tax Liability for 2023

From being a cash business to large business purchases, you can reduce your 2023 tax liability.

Read Small Business Tax Liability

💰Business Owners’ Compensation Amount Matters

Pay attention to how your business pays the owner, especially at year-end.

Read Owner Compensation

Related: 2023 Year-End Tax Planning Guide for Individuals

📈Businesses: 2024 Inflation-Adjusted Tax Rates and Amounts

The IRS has announced inflation-adjusted federal tax amounts for businesses and business owners.

Read Tax Rates

🕴️Choose Best Entity Structure for Tax Purposes

When selecting or changing your business entity structure consider the tax aspects for both your business and owners.

Read Entity Structure

🔄Improve Cash Flow with a Cost Segregation Study

A cost segregation study may uncover added or increased depreciation deductions that can reduce your tax liability and improve cash flow.

Read Cost Segregation

🏒Attention Clients - Win Hockey Tickets

Back by popular demand, Lumsden McCormick clients can enter to win two tickets to an upcoming Sabres game. Raffles will be held monthly from November 2023 - March 2023 for games December - April. Go team!

Register to win!