Small Businesses

Learn some of the most important 2026 tax changes for small businesses including updates to the QBI deduction, excess business loss limitations, employer credits, reporting thresholds, and pass-through tax planning strategies. By Kendall Maccagnan, CPA, CFP® and Financial Advisor in Tampa, Florida Key Takeaways Enhancements to the QBI deduction and expanded phase-in ranges may allow more pass-through business owners to benefit from the 20% deduction The excess business loss

LLC vs S Corp: Learn the key tax differences, self-employment tax impact, and when an S Corporation election may make sense for business owners. By Kendall Maccagnan, CPA, CFP® and Financial Advisor in Tampa, Florida Key Takeaways LLCs and S Corporations both offer liability protection and pass-through taxation, but differ in how income is treated for tax purposes LLC owners generally pay self-employment tax on all business profits, while S Corporation owners may split income

Compare SEP IRA, SIMPLE IRA, and Solo 401(k) plans for 2026. Learn contribution limits, eligibility rules, and which retirement plan may fit your small business or self-employment income. By Kendall Maccagnan, CPA, CFP® and Financial Advisor in Tampa, Florida Key Takeaways SEP IRAs, SIMPLE IRAs, and Solo 401(k) plans are three common retirement options for small business owners, each with different contribution structures and requirements SEP IRAs offer simplicity and flexib

Learn how Solo 401(k) plans work in 2026, including contribution limits, tax benefits, eligibility rules, and key deadlines for small business owners. By Kendall Maccagnan, CPA, CFP® and Financial Advisor in Tampa, Florida Key Takeaways A Solo 401(k) is designed for self-employed individuals and business owners with no employees (other than a spouse), and may allow for higher contribution flexibility compared to other retirement plans In 2026, total contributions may reach u

Learn some of the most important 2 025 tax changes for small business owners, including updates to Section 179, bonus depreciation, R&D expensing, and interest deductions. Understand how these changes may impact your tax return and planning strategies for 2025 and beyond. By Kendall Maccagnan, CPA, CFP® and Financial Advisor in Tampa, Florida Key Takeaways Several 2025 tax law changes for small businesses increase immediate expensing opportunities, including higher Section 1