In this episode:

• Navigating government shutdowns and IRS updates for business owners
• The impact of state vs. federal marijuana laws on business deductions
• Understanding the QBI deduction and how it affects entrepreneurs
• Beneficial ownership reporting: what changed and why it matters
• Key tax deadlines and what to do after tax season
• Foreign bank account reporting requirements (FBAR)
• State-specific tax law changes (Maryland vs. Delaware)
• Deep dive into the Research & Development (R&D) tax credit:
  • Who qualifies and the four-part test
  • Real-world examples for startups, manufacturers, and tech companies
  • Payroll tax offsets for early-stage businesses
  • Documentation tips and audit triggers
  • Common misconceptions and maximizing your credits