Month: May 2023

Use The Tax Code To Make Business Losses Less Painful

Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations. Qualifying For A Deduction The net operating loss (NOL) deduction addresses the tax inequities that can … Continue reading “Use The Tax Code To Make Business Losses Less Painful”