by Cory Carroll | May 21, 2026 | Corporate Tax Services, Flow-Through Tax Services, Individual Tax
The federal cap on state and local tax deductions continues to affect high-income taxpayers, especially business owners with income from pass-through entities such as S corporations, partnerships, and LLCs taxed as partnerships. Beginning in 2025, federal tax law... 
by Cheryl Saroukhanoff | Apr 21, 2026 | blog, Corporate Tax Services, Entity Formation, Flow-Through Tax Services, Life Sciences Tax, Tax Credits, Technology Tax
Gross receipts taxes are structurally different from income taxes. Instead of taxing profit, taxes on gross receipts tax revenue, which means a business can owe taxes even while reporting a financial loss. That distinction is especially important for early-stage...