| Andrew G. Klapac

What's the Right Entity Choice for Start-Ups Today?

Launching a start-up involves many decisions. Among the most important is choosing the right business structure for federal tax purposes. Last year's One Big Beautiful Bill Act (OBBBA) made permanent and modified several provisions of the Tax Cuts and Jobs Act (TCJA) of 2017. Some of these changes should be considered when making the call. If you're pondering the right structure for your next venture, here are some of the most critical tax-related considerations.

Estate Tax Return Filings Are Essential to Preserving Portability

For 2026, the federal gift and estate tax exemption is $15 million. That's effectively $30 million...

Business Tax Update: IRS Guidance on QPP Depreciation Rules

Under the One Big Beautiful Bill Act (OBBBA), eligible businesses can claim 100% first-year...

Demystifying the Tax Rules for Net Operating Losses

Taxpayers who suffered net operating losses (NOLs) in the 2025 tax year may hope to take advantage...

Hit the Breaks: 2026 Tax Write-Offs for Business Driving

At the end of last year, the IRS announced its annualinflation adjustments to the optional standard...

Favorable Changes to the Business Interest Deduction Rules

Under current law, the deduction for business interest expense is generally limited to 30% of...

Sooner or Later? Picking the Right Start Date for Your Social Security Benefits

Deciding when to start receiving Social Security benefits can be a tough call for seniors. You can...

Work Opportunity Tax Credit Is Set to Expire: What Employers Need to Know

In today's labor market, your business may need to think outside the box to find employees to fill...

Favorable Business Depreciation Tax Changes under New Law

There's good news for businesses considering buying equipment and other capital assets: The One Big...

How to Properly Report Your Company’s COGS

Do you own a business that manufactures or sells physical goods? For these businesses, accurate...