Smart Tax Planning for Business Owners: What Inherited IRAs Teach Us About Charitable Giving
August 25, 2025
As business owners, it’s easy to think tax planning begins and ends with your company’s income, deductions, and entity structure. But in reality, your personal finances, retirement accounts, and charitable giving are equally important parts of the picture.
Selling a QSub: What Happens When You Sell Part of Your Subsidiary?
July 29, 2025
As your business grows, acquires, or restructures, it’s common to revisit ownership structures—especially if you’ve formed Qualified Subchapter S Subsidiaries (QSubs) as part of your tax strategy.
Understanding Bad Debt Deduction
December 12, 2024
Bad debt deduction is a tax relief measure that allows individuals and businesses to write off debts that cannot be collected, thereby reducing their taxable income.
California Limits Business Credits to $5 Million Per Year
December 10, 2024
For the tax years starting January 1, 2024, and ending December 31, 2026, California is limiting the amount of business tax credit a taxpayer can use each year to $5 million. This applies to both corporate and personal income taxes.
California Temporarily Suspends NOL Deductions
December 05, 2024
The State of California recently decided to pause *net operating loss* (NOL) deductions for businesses and individuals for 2024, 2025, and 2026.