Telecommunications

Categories

Right Type of Business Entity for a New Business

What’s the right entity type for your new business? Two popular options for closely held businesses with multiple owners are LLCs taxed as partnerships and S corporations. Read more for a comparison of these two business entitty types.
More Info »

Iowa Tax Exemptions for Telecommunications Equipment

The State of Iowa has an active sales and use tax exemption available for Telecommunications providers for qualifying office and transmission equipment. Read more about what qualifies and why it may be beneficial to take advantage of this tax exemption.
More Info »

Minnesota Secure Choice Retirement Program

The Minnesota Secure Choice Retirement program was created to help employees build financial security for the future. Enrollment deadlines go into effect by the number of employees and the first deadline is June 30, 2026 for employers with 100+ employees.
More Info »

Do You Qualify as a “Small Business”?

Certain small businesses may qualify for various federal tax breaks. But different tax provisions use different size tests. Read on to learn more about big tax breaks for small businesses that meet one such test.
More Info »

S-corp Classification FAQs

S-corporations are one of the most frequently discussed tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren't automatic - they depend on your income level, involvement in the business, and whether you're ready to manage the added compliance responsibilities.
More Info »

ACA Penalties May Still Apply

Beware, small business owners: As your workforce grows, ACA compliance can become a costly surprise without proper planning.
More Info »

Research Credit FAQs

The research credit isn’t just for labs or tech companies. Many businesses are missing out because they mistakenly assume they don’t qualify, or aren’t sure where to start. Learn how the credit works and what to consider.
More Info »

Should You Consider Adopting a Fiscal Year End?

Most businesses use December 31 as the end of their fiscal year. But some companies in construction, accounting, and snowplowing operations, for example, may have valid reasons for adopting fiscal year ends. Aligning your tax year with your operating cycle can streamline reporting and support better planning.
More Info »

Qualified Overtime Compensation Deduction

The IRS has issued guidance for the qualified overtime compensation deduction, effective for tax years 2025 through 2028. Eligible workers must meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.
More Info »

Small Business Health Care Coverage Credit

Tax credits reduce tax liability dollar-for-dollar and can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that may be valuable is the small business health care coverage credit for small businesses who provide health insurance coverage to employees.
More Info »

Don’t Lose Your S Corporation Status

Because of the strict requirements that apply to S corporation entities, preserving S corporation status requires due diligence to avoid inadvertent termination of S corporation status, among other things.
More Info »

Forms W-2 and 1099-NEC Due February 2, 2026

Forms W-2 and 1099-NEC normally must be filed by January 31 of the following year. But, in 2026, January 31 falls on a Saturday, so the due date has been moved to February 2.
More Info »

Pass-Through Entity Tax Filing

Pass-through entities generally don’t owe federal income tax at the entity level, but they still must file federal income tax returns. These entities include partnerships, limited liability companies treated as partnerships for tax purposes and S corporations.
More Info »

Energy Tax Incentives to Expire

The Sec. 179D deduction for energy-efficient commercial building improvements provides energy tax incentives to businesses, including manufacturers, to immediately write off the cost of eligible improvements, will expire June 30, 2026.
More Info »

Tax Deductible Business Expenses

As you look back to 2025 to determine which expenses you can write off as tax deductible business expenses on your tax return, keep in mind the “ordinary and necessary” rule.
More Info »
We Value Your Privacy

This site may use cookies to store information on your computer. Some are essential to make our site work and others to improve the user experience. By using this site, you consent to the placement of these cookies and accept our privacy policy.