Small Business Tax

Navigating R&D Tax Credits: Unlock Savings for Your Innovation Projects

Innovation Incentives, Small Business Tax, Tax Credits /

Navigating R&D Tax Credits: Unlock Savings for Your Innovation Projects Investing time and resources into new products, processes, or software development can stretch your budget—but the R&D tax credit is designed to reward exactly that kind of innovation. As someone who’s helped numerous Ohio clients secure these credits, I’ve seen firsthand how they can offset […]

Navigating R&D Tax Credits: Unlock Savings for Your Innovation Projects Read More »

Sales Tax Compliance in Ohio: What Every Business Owner Needs to Know

Tax Compliance, Ohio Business, Small Business Tax /

Sales Tax Compliance in Ohio: What Every Business Owner Needs to Know Navigating Ohio’s sales tax landscape can feel overwhelming—especially when you’re focused on growing your small business. New entrepreneurs who underestimated their obligations can end up facing penalties, interest charges, or even audit risk. This guide walks you through the key steps to register,

Sales Tax Compliance in Ohio: What Every Business Owner Needs to Know Read More »

Section 179 Expensing Explained: Maximize Deductions on Your Equipment Purchases

Tax Planning, Depreciation, Small Business Tax /

Section 179 Expensing Explained: Maximize Deductions on Your Equipment Purchases Investing in new equipment—whether it’s a delivery van, production machinery, or computer systems—can feel like a major cash outlay. As an Ohio business owner, we’ve seen firsthand how Section 179 can turn that expense into a powerful tax deduction, keeping dollars in your pocket right

Section 179 Expensing Explained: Maximize Deductions on Your Equipment Purchases Read More »

Qualified Business Income Deduction: How Ohio Small Businesses Can Lower Their Tax Bill

Small Business Tax, Ohio Business, Tax Planning /

Qualified Business Income Deduction: How Ohio Small Businesses Can Lower Their Tax Bill Every dollar saved on taxes can fuel growth for an Ohio-based small business—whether that means hiring a new team member, upgrading equipment, or boosting your marketing budget. The Qualified Business Income (QBI) deduction, introduced by the Tax Cuts and Jobs Act, allows

Qualified Business Income Deduction: How Ohio Small Businesses Can Lower Their Tax Bill Read More »

Are Business Gifts Tax Deductible? Here’s What You Can and Can’t Write Off

Expense Deductions, IRS Compliance, Small Business Tax /

Are Business Gifts Tax Deductible? Here’s What You Can and Can’t Write Off Giving a thoughtful gift to a client, vendor, or employee is a nice way to show appreciation and strengthen relationships—but can you deduct those gifts on your taxes? The short answer: Yes, business gifts are tax deductible—but with strict limits. At Hogan

Are Business Gifts Tax Deductible? Here’s What You Can and Can’t Write Off Read More »