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Business & Corporate Tax · Insights

Business & Corporate Tax insights

Plain-English tax guidance on business & corporate tax from our CPAs and Enrolled Agents.

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Individual Tax PreparationBusiness & Corporate TaxTax Planning & StrategyBusiness Tax CreditsIRS Audit DefenseTax Debt ResolutionInternational TaxState & Local Tax (SALT)Estate Income TaxFlorida 1031 ExchangeNonprofit Tax ServicesExpats / Expatriate TaxTax Court RepresentationFederal TaxTax Risk ServicesTransfer PricingTax ComplianceUS Inbound TaxM&A TaxIRS Tax AdvocateOutbound TaxTax Treaty PlanningFIRPTA & Foreign Real EstateForeign Business Expansion
Section 179 and Bonus Depreciation: Accelerating Deductions on Purchases
Business & Corporate Tax
Mar 27, 2026·4 min read

Section 179 and Bonus Depreciation: Accelerating Deductions on Purchases

Section 179 and bonus depreciation let businesses deduct qualifying purchases immediately instead of over years. Used together they can dramatically cut taxable income — but they're different tools, and the wrong choice leaves money on the table.

MK Tax & Accounting Team
The S-Corporation Tax Strategy: When It Makes Sense and When It Doesn't
Business & Corporate Tax
Mar 18, 2026·5 min read

The S-Corporation Tax Strategy: When It Makes Sense and When It Doesn't

The S-Corp election is one of the most powerful tools available to small business owners — saving thousands in self-employment tax for the right situation. But it adds cost and complexity, and isn't always the right choice.

MK Tax & Accounting Team
1099-NEC Filing Requirements: What Small Businesses Need to Know
Business & Corporate Tax
Jan 20, 2026·5 min read

1099-NEC Filing Requirements: What Small Businesses Need to Know

If your business pays independent contractors, 1099-NEC filing is a legal requirement with real penalties. The rules are specific and the deadline is early — planning ahead makes January painless.

MK Tax & Accounting Team

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