Eric E. Ehrenberg

Close-Up on Pass-Through Entity Tax Laws

At the start of 2024, three dozen states and New York City already had pass-through entity taxes (PTETs) on their books, with legislation pending in three other states. These types of workarounds for the current $10,000 cap on the federal deduction for state and local taxes (SALT) have become more prevalent. But they aren't necessarily the right option for every pass-through entity, partner or shareholder. Businesses and their individual owners must consider the pros and cons before electing this tax treatment.

Growth Strategies: How to Take Your Business to the Next Level

Once your business has survived the start-up phase, it's got a solid foundation to grow. SSB...

Withdrawing Cash from Your C Corporation

C corporation ownersoften need to take cash out of the business to pay personal expenses or to...

New Twists and Turns Taken by EV Credits

Did you buy an electric vehicle (EV) in 2023? Under the Inflation Reduction Act (IRA), passed late...

SECURE 2.0 Changes that Become Effective in 2024

The SECURE 2.0 Act, enacted late in 2022, creates new tax-saving opportunities for retirement...

Building for the Future: IRAs for Teens and Young Adults

More than half of 16-to-24-year-olds are employed, according to the most recent statistics from the...

Planning a Graceful (and Profitable) Exit from Your Small Business

At some point, every business owner leaves the company, either voluntarily through retirement or...

Partnerships: Tax Considerations When Adding a New Partner

Are you considering inviting an employee or an outsider to participate in your existing...

What Are the Tax Implications of the New Lease Accounting Rules?

Private businesses implemented new lease accounting rules in 2022, resulting in a major shift in...

Risk Management: 8 Ways to Reduce Business Insurance Costs

How much money is your business spending on insurance products? Insurance is