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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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2026 Business Tax Limits

The new year will usher in many new 2026 business tax limits that may affect your business. Advance planning will ensure you are taking advantage of the new limits.
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2026 Information Reporting Changes

If your business has employees or independent contractors, you’re subject to various information reporting requirements. Some significant changes to these rules will go into effect for the 2026 tax year (forms that will be filed in early 2027 to report 2026 amounts).
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Business Interest Expense Deduction Changes

The rules limiting the business interest expense deduction are complicated. Recent changes could result in larger deductions for 2025 and you need to be aware of the impact on your business.
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Six Last-Minute Tax Tips for Businesses

It is not too late to consider implementing some last-minute tax tips to reduce your business' 2025 tax bill.
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How Will Taxes Affect Your Merger or Acquisition?

Selling the business you’ve spent years building or becoming a first-time business owner by buying an existing business might be the biggest financial move you ever make. We can assess the potential merger or acquisition tax consequences before you start negotiating to avoid tax surprises after the deal is signed.
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R&D Expenses

If your business has incurred domestic R&E expenses (research and experimental) in 2025 (or incurred them in 2022, 2023 and/or 2024), you may have a new tax-saving opportunity this year.
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