Blog
Big Beautiful Bill Details Wilmington Business Owners Might Have Missed
Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025 tax year. (New restrictions are coming in...
Wilmington Small Business Holiday Expenses: What Can I Deduct On Taxes?
Key TakeawaysCompany-wide holiday parties for employees are generally 100% deductible, as long as they’re not exclusive to owners or...
Can Wilmington Investors Use Losses To Lower Capital Gains Federal Tax?
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct...
Daniel Hayes’s Perspective: What Are The Most Important Cybersecurity Measures for Small Businesses?
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data...
Can End-Of-The-Year Giving Mean Tax Deductions For My Wilmington Business?
Key Takeaways Your business can give back and receive tax benefits if the donation is correctly structured and documented. Charitable...
The Work Opportunity Tax Credit: Year-End Hiring Benefit for Wilmington Businesses
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce...
Why Cash Flow Management Is Important At Year-End in Your Wilmington Business
Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow...
What Year-End Moves Can Protect Wilmington Owners From Form W9 Mistakes?
Key TakeawaysKeep every contractor’s Form W9 on file before the first payment. If your contractor won’t give you a W9, be persistent. The IRS...
Changing Your Business Entity Means A Lower Tax Bill, Wilmington Owners
Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?If you’re a Sole Proprietor or single-member LLC, you’re likely paying a...