BIG Tax Strategies for SMALL Businesses

In partnership with National ACE, APACC’s SBAC presents BIG tax strategies for SMALL businesses. It’s not uncommon for small business owners to feel left out of the tax loop. What credits and deductions are out there for me? How do I minimize taxes at the business and individual level? There are several tax strategies small businesses can deploy that can have an immediate cash impact. We’ll review some of these tax strategies and other considerations, including: • Employee Retention Credit (ERC) and business income tax implications • State and local income tax, sales tax, and property tax saving opportunities • Home office deduction and other owner-level deductions • Self-rentals and related grouping election • Net Operating Loss rules and carryback opportunity under CARES Act • Tips & Tricks and other tax considerations APACC’s mission is to facilitate business relationships among Asian and U.S.-based companies and to promote the economic advancement of Asian Pacific Americans. Known as the “gateway” to Asian and U.S. businesses, APACC was established in 2000 and is a not-for-profit membership association governed by a board of directors and headquartered in Southeast Michigan.