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Year-end tax planning ideas for individuals

ConnollySteele

Sep 27, 20223 min read

Year-end tax planning ideas for individuals

Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the...

Infographic: Why you should keep good records of major home improvements.

ConnollySteele

Apr 25, 20220 min read

Infographic: Why you should keep good records of major home improvements.

Tax issues to assess when converting from a C corporation to an S corporation

ConnollySteele

Apr 11, 20222 min read

Tax issues to assess when converting from a C corporation to an S corporation

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S...

The election to apply the research tax credit against payroll taxes

ConnollySteele

Feb 28, 20223 min read

The election to apply the research tax credit against payroll taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break...

Businesses with employees who receive tips may be eligible for a tax credit

ConnollySteele

Jan 10, 20222 min read

Businesses with employees who receive tips may be eligible for a tax credit

If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax...

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