by Davis, Brown & Company PLLC | Sep 22, 2026 | Uncategorized
Quick Answer: Some of the biggest tax mistakes new business owners make include using personal credit cards for business expenses, guessing on startup cost write-offs, and failing to keep track of receipts for deduction proof.Key Takeaways:Opening a...
by Davis, Brown & Company PLLC | Sep 11, 2026 | Uncategorized
Quick Answer: Pass-through entities (LLCs, S corps, sole proprietorships) pay a single tax layer, typically 15% to 23.8% on goodwill and up to 37% on inventory and equipment. C corporations face double taxation near 40% on asset sales, unless structured as...
by Davis, Brown & Company PLLC | Aug 28, 2026 | Uncategorized
Quick Answer: The primary disadvantages to a sole proprietorship for growing business owners are unlimited personal liability and a mandatory 15.3% self-employment tax on 100% of net profit. Once annual net profit exceeds $40,000, remaining a sole...
by Davis, Brown & Company PLLC | Aug 19, 2026 | Uncategorized
Quick Answer: Your small business qualifies for the R&D tax credit whenever you pay U.S. wages, contractor fees, or supply costs to overcome technical roadblocks while building or improving products, custom software, or internal processes. By working...
by Davis, Brown & Company PLLC | Aug 14, 2026 | Uncategorized
Quick Answer: Adding Trump Account contributions to your employee benefits package is a high-leverage strategy if you, as a business owner, are looking to boost talent retention while slashing your payroll tax liabilities. Employers can contribute up to $2,500...
