12-Month Rule & IRC §267(f) for MSOs | Guardian Tax
Applying the 12-Month Rule and IRC §267(f) to Management Service Organizations (MSOs) Introduction: Timing Rules and Controlled Groups In the world of tax planning for healthcare and professional services, management service organizations (MSOs) often operate within controlled group structures. Timing the deduction of prepaid service income can make a substantial difference in a company’s tax […]
Strategies to Reduce Your Business Tax Burden
Businesses are always on the lookout for strategies to optimize their tax positions. Reducing the tax burden involves a comprehensive understanding of tax laws and careful planning. Here are some strategies that businesses can employ to alleviate their tax liabilities. Expense Management 1. Regularly Track and Review Consistently monitor business expenses and ensure that all […]