Estimated Tax Brackets for 2020

The last quarter of each year is traditionally reserved for last-minute tax moves, like charitable deductions, retirement contributions, capital investments, and other strategies to lower the taxable impact for the year. This year, in addition to the typical year-end tax saving tips, Naden/Lean will provide overviews of new strategies and tips to think about in … Continued →

Sustainability Trends and Tax Benefits In the Restaurant Industry

Naden/Leans’ industry expertise includes manufacturing, technology, professional services, healthcare, nonprofit, contractors and real estate, and this month’s focus: Restaurants. In September’s Industry Focus, we explore the tax benefits for restaurant owners who make sustainable investments in their establishments. Out of the more than one million restaurants in the U.S., there are more than 13,800 in … Continued →

Tax Benefits of Qualified Opportunity Zones

Last month on our blog, we introduced Qualified Opportunity Zones as a newer incentive to invest in distressed communities. Introduced in the Tax Cuts and Jobs Act of 2017, Opportunity Zones give businesses and individuals substantial tax savings in exchange for locating or relocating a business or investing in property in a federally designated Opportunity … Continued →

Claiming the R&D Tax Credit for Small Businesses and Startups

The Research and Development Tax Credit, commonly known as the R&D Tax Credit, has been around for decades to incentivize businesses to develop and invest in innovative products, processes, and more. What started out as a complicated tax credit that only large corporations could qualify for has shifted to a more accessible source of cash … Continued →