2 min read
Ways to manage the limit on the business interest expense deduction
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense....
We have prepared a selection of frequently asked questions.
2 min read
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense....
2 min read
If you’re getting ready to file your 2024 tax return and your tax bill is higher than you’d like, there may still be a chance to lower it. If you’re...
2 min read
The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and...
2 min read
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA,...
2 min read
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely...
2 min read
Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a...
2 min read
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will...
2 min read
You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in...
2 min read
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of...
3 min read
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel...
2 min read
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is...
2 min read
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base...
2 min read
If you have a child or grandchild planning to attend college, you’ve probably heard about qualified tuition programs, also known as 529 plans. These...