Tag: tax planning strategies
-
How cannabis businesses can use ESOPs to reduce 280E tax burdens
Learn how cannabis companies use employee stock ownership plans (ESOPs) to navigate IRC Section 280E, reduce federal tax liability, retain employees, and plan for succession.
-
Understanding the look-back method for long-term construction contracts
Learn how the IRS look-back method impacts long-term construction contracts, including tax adjustments, exemptions, and compliance strategies.
-
Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions
The best tax planning actions for your business partially depend on whether you expect federal income tax rates to go up, go down or stay the same in the future. Here are some ideas if you think rates could go up.