Small Business Accounting

How to Avoid Capital Gains Tax When Selling a Business: Smart Strategies for Owners

Business Exit Planning, Small Business Accounting, Tax Strategy /

How to Avoid Capital Gains Tax When Selling a Business: Smart Strategies for Owners Selling a business you’ve spent years building is a major milestone—and often, a highly profitable one. But if you’re not careful, capital gains tax can take a sizable chunk out of your earnings. Fortunately, there are strategies available to help minimize […]

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Are Business Loan Payments Tax Deductible? What You Can and Can’t Write Off

Business Tax Planning, Financial Strategy, Small Business Accounting /

Are Business Loan Payments Tax Deductible? What You Can and Can’t Write Off If you’re running a small business and have taken out a loan to fund operations, expansion, or equipment, you may be wondering: Are business loan payments tax deductible? The answer is a bit nuanced. While the principal portion of your loan payments

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Will I Get a Tax Refund If My Business Loses Money?

Business Taxes, Financial Services, Small Business Accounting, Tax Planning /

Will I Get a Tax Refund If My Business Loses Money? If your business didn’t turn a profit this year, you’re not alone—and you’re definitely not out of options. One of the first questions we get from small business owner CPA clients in this position is:“If my business loses money, can I still get a tax

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