The Tax Strategy Library
Last updated
A business owner reduces tax through a small number of well-understood, legal levers: the entity, the timing, the credits, the compensation design, and the structures that hold real estate and separate risk. This library explains twenty-eight of them, names the Code section behind each, and states plainly which need cash to fund and which do not.
- §1361–1379Choosing and changing your business entityNo outlay
- §1366Reasonable compensation for S-corporation ownersNo outlay
- §199AThe qualified business income deductionNo outlay
- §401Solo 401(k), SEP, defined benefit and cash balance plansCapital outlay
- §168Accelerating depreciation on buildingsCapital outlay
- §168Immediate expensing of equipmentCapital outlay
- §41The research and development creditNo outlay
- §174 / §174AHow research and software development spend is deductedNo outlay
- §62Reimbursing owner and employee expenses correctlyNo outlay
- §446Which year income and deductions land inNo outlay
- South Dakota v. WayfairWhere you owe, and why you may owe where you do not operateNo outlay
- State PTET statutesThe state pass-through entity tax election and the SALT capNo outlay
- §460Percentage-of-completion versus completed contractNo outlay
- §471LIFO, FIFO, weighted average, UNICAP, and write-downsNo outlay
- §1202Qualified small business stockNo outlay
- §51The Work Opportunity Tax Credit and related hiring creditsNo outlay
- §162A management company, a holding company, and a management agreementNo outlay
- §280ARenting your home to your business for up to fourteen daysNo outlay
- §162Paying your children for real workNo outlay
- §105Employing a spouse and a medical reimbursement planNo outlay
- §280FExpensing vehicles over the weight thresholdCapital outlay
- §481Catching up missed depreciation without amendingNo outlay
- §469Short-term rentals, the seven-day rule, and material participationCapital outlay
- §469When rental losses can offset business incomeNo outlay
- §469Buying the building your business operates fromCapital outlay
- §1031Deferring gain when you sell investment real estateCapital outlay
- §170Bunching, donor-advised funds, and private foundationsCapital outlay
- §45SThe employer credit for paid family and medical leaveNo outlay
- §179Expensing equipment for doctors, dentists, and pharmacistsCapital outlay
Mena Hemaia, CPA, CIA
Chief Executive Officer, Accountack — West Palm Beach, Florida
If you want to know which of these apply to your business specifically, that is a conversation about your actual numbers — not a seminar example.
Or start with the Free Cash Clarity Audit — A no-cost review of where your business stands and what a planning engagement would target — the firm's own named starting point.
20 minutes with an Accountack advisor. If a technical review is worth your time, the next step is a workshop with Mena — and if there is nothing material to do, he will say so.