EDH Tax Solutions

Quick Answer: A midyear review of small business profitability is a strategic financial assessment that compares your year-to-date revenue and expenses against your initial annual goals. Doing this diagnostic check in June or July allows business owners to stop operational cash leaks, correct pricing margins, and implement proactive ...

Quick Answer: When small business owners discard broken equipment without updating their fixed asset listing, they create “ghost assets.” These paper-only items cause businesses to continuously overpay on local property taxes and miss out on lump-sum federal income tax deductions.

Quick Answer: Selecting the optimal entity type for business success requires matching your corporate structure to the specific legal risks and tax rules of your industry. A mismatched framework can leave your personal savings vulnerable to sector-specific lawsuits or trap your revenue in unnecessary IRS taxes. Properly aligning your corporate choice...

Small business owners can minimize credit card processing fees by switching from a flat-rate provider to an interchange-plus plan, which passes the true wholesale cost of a swipe straight to you. You can trim costs even further by routing large invoices through ACH bank transfers or adopting a clear dual-pricin...

Quick Answer: The employer credit for family and medical leave provides small businesses a federal tax credit worth 12.5% to 25% of qualified leave costs. In 2026, you can claim this credit on actual wages paid during FMLA leave or on commercial insurance premiums. Qualification requires a written policy offering at least 50% pay to ...