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Business Tax Tips Every Owner Should Know

ARTICLE | August 18, 2026

Authored by Vasquez + Company

Staying on top of business tax rules can make a meaningful difference in your bottom line, but the details are easy to overlook. From understanding how intangible assets must be capitalized to knowing when a repair becomes an improvement in the eyes of the IRS, the nuances matter. This edition covers several important tax topics for business owners, including passive loss rules for limited partners, unexpected deductions for working animals, and the unique filing obligations that come with running a business alongside your spouse.

Read the full article here.

 

Our firm provides the information for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. This article is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose. 

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