by Sheri Hart | Dec 9, 2020 | Business Strategy, Small Business, Start-ups, Tax
The QBI deduction basics and a year-end tax tip that might help you qualify If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A...
by Sheri Hart | Jul 8, 2019 | Business Strategy, Financial Planning, Small Business, Start-ups, Tax, Uncategorized
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations paid up to 35%. The TCJA also cut individual income...