NKSFBTax Insights
Operating as a C Corporation: Weigh the Benefits and Drawbacks
March 24, 2025
When deciding on the best structure for your business, one option to consider is a C corporation.
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Many Business Tax Limits Have Increased in 2025
March 17, 2025
A variety of tax-related limits that affect businesses are indexed annually based on inflation. Many have increased for 2025, but with inflation cooling, the increases aren’t as great as they have been in the last few years. Here are some amounts that may affect you and your business.
How Section 1231 Gains and Losses Affect Business Asset Sales
February 17, 2025
When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code.
Small Business Strategy: A Heavy Vehicle Plus a Home Office Equals Tax Savings
February 10, 2025
New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs.
The Tax Implications of Disability Income Benefits
December 2, 2024
Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if it is, how? It depends on the type of disability benefit and your overall income.
Help Ensure Your Partnership or LLC Complies With Tax Law
November 25, 2024
When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes
November 11, 2024
Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes.