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What the R&D Tax Credit Is (Really) and Why It Matters to Your Business

Many businesses overlook one of the most valuable tax incentives simply because they assume it’s only for labs or tech companies. In reality, everyday problem-solving—improving processes, developing software, or increasing efficiency—often qualifies. This article breaks down what the R&D tax credit really is, who it applies to, and how it can significantly reduce tax liability for businesses already investing in innovation.

June 3, 2026·4 min readRead more →

Tax Tips

Why IRS Notices Feel Scarier Than They Often Are (and When They’re Not)

Few things get a business owner’s attention faster than a letter from the IRS. Even routine notices can trigger immediate anxiety, often because they arrive without context and use formal, unfamiliar language. In reality, many IRS notices are far less serious than they seem and can be resolved with a clear, timely response.

April 30, 2026·4 min readRead more →

Tax Tips

How a Cost Segregation Study Works: What to Expect, Who Does It, and When It’s Worth the Cost (Part 2)

Not every property needs a cost segregation study. Learn how these studies are conducted, who performs them, and the key factors that determine whether the potential tax savings justify the cost.

April 23, 2026·5 min readRead more →

Tax Tips

Estate Tax Filings When You’re Grieving: What Executors and Families Need to Know About Form 706

Estate tax filings involve more than just paperwork—they require decisions that can impact your family’s financial future. Learn what triggers a Form 706 filing, key elections to consider, and how Rhode Island requirements like Form RI-706 and T-77 may apply.

April 9, 2026·6 min readRead more →

Tax Tips

Cost Segregation Studies: The Overlooked Tax Strategy Hidden Inside Your Building (Part 1)

Many commercial and rental property owners unknowingly overpay taxes—not due to errors, but because buildings are depreciated far too slowly under standard IRS rules. A cost segregation study changes that. By breaking a property into its individual components, it reclassifies items like electrical systems, finishes, landscaping, and paving into shorter depreciation lives. The result? Faster deductions, stronger cash flow, and significantly reduced taxable income in the early years of ownership. Despite being IRS‑recognized and supported by decades of guidance and case law, cost segregation is widely underused—often because owners assume it’s only for large buildings or don’t realize it can be done retroactively without amending prior returns. In reality, it can benefit owners of commercial buildings, multifamily properties, renovated spaces, and even businesses that occupy their own facilities. The real power of cost segregation isn’t just a bigger deduction today. It’s a long‑term strategy that helps investors manage cash flow, optimize tax timing, and improve overall returns. The better question isn’t whether you can do a study—it’s whether doing one strengthens your broader tax and financial plan.

March 19, 2026·5 min readRead more →