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Year-End Tax Strategies for Businesses

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Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. Although the deadline for completing reporting and payment obligations related to the excise tax was delayed, the IRS issued final regulations on June 28, 2024, providing guidance on how to report and pay the 1% tax.

Tax 105
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2022 Year-End Tax Planning Checklist

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Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. Other cost segregation services include: Look-back studies to recapture depreciation deductions from prior tax years without amending your tax return. Repair and maintenance studies.