The landscape of American tax policy has seen significant shifts in recent years, with one of the most impactful being the change in the treatment of Research and Development (R&D) expenses. This blog aims to shed light on the current status of the R&D Tax Credit, its implications for businesses, and the growing call for Read More
Navigating Tax Planning for Healthcare Businesses: A Case Study of ‘Practice, LLC’ Introduction At TaxRx Group, we specialize in providing comprehensive tax advisory services tailored to the unique needs of our clients. This blog presents a detailed case study of how we assisted an orthodontist client and their business, ‘Practice, LLC’, in optimizing their tax Read More
Harnessing the Power of Advanced Tax Payment for Pass-Through Entities Introduction: In the complex landscape of business taxation, one avenue often overlooked is the strategic timing of tax payments, especially for pass-through entities. These entities, which allow business profits and losses to ‘pass through’ to the owners’ individual tax returns, provide unique opportunities for savvy Read More
The TaxRx Group is a specialty tax consulting firm. We work with local accounting teams to identify advanced options that reduce our clients’ taxes. We produce a yearly tax prescription (Tax Rx) to maximize available benefits and savings.  An Optimistic Outlook for Small Businesses and Innovation. By Alphonso Anderson, Esq., LL.M (Tax) This week’s Tax Read More