Business Tax News - Page 2 of 7

Technician checking product for quality control - activity could qualify for PPT exemption

Michigan’s PPT Exemptions Can Help You Save. But Do You Qualify?

Posted December 23, 2020

In 2014, Michigan voters approved a ballot initiative that eliminated or reduced personal property taxes (PPT) for small businesses and … Read More

Image of middle age woman sitting at desk in office and calculating her 2018 QBI deduction

How To Calculate The QBI Deduction

Posted January 14, 2020

The qualified business income deduction or QBI deduction is relatively new to the tax scene. It's a powerful tool in reducing … Read More

Image of older woman in home workshop reviewing her charitable contribution deductions

Everything You Should Know About The Charitable Contribution Deduction

Posted May 20, 2021

Donating to your favorite charity or foundation not only helps a great cause but could also mean a smaller tax … Read More

Business owners reviewing finances and discussing how to recover from COVID-19

Ask The Experts | How To Recover From COVID-19, Reduce Tax Liability & More

Posted August 20, 2020

Many business leaders are concerned about the impact that COVID-19 has had on their business. Over the past several months, … Read More

Two women reviewing qualified opportunity zone investments

How To Invest In Qualified Opportunity Zones

Posted August 4, 2020

The Tax Cuts and Jobs Act created a new tax item for American taxpayers – qualified opportunity zones (QOZ). Qualified … Read More

Forklift driver wearing PPE in a warehouse - qualifies for industrial processing exemption

Does Your PPE Qualify For The Industrial Processing Exemption?

Posted July 30, 2020

Are you an industrial processor or member of the industrial processing industry? Have you purchased personal protective equipment (PPE) for … Read More

4 Tax Changes In The CARES Act You Shouldn’t Overlook

Posted July 8, 2020

The CARES Act is 854 pages long and introduces several programs, laws, and tools intended to provide relief to businesses … Read More

state capitol where tax filing extensions were issued

State Tax Filing Extensions Due To COVID-19

Posted June 8, 2020

Individual states began announcing state tax filing extensions shortly after the IRS and Treasury department announced a 90-day extension of the … Read More

a woman discusses delay of payroll tax with a man

Employers Can Delay Payroll Tax Payments Under The CARES Act

Posted May 20, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act creates a payroll tax deferral period, giving employers the ability to delay … Read More

New Net Operating Loss Rules Under The CARES Act

Posted May 6, 2020

The Tax Cuts and Jobs Act of 2017 stopped businesses from carrying back any net operating losses (NOLs) and limited any NOLs carried … Read More

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