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Deduct a loss from making a personal loan to a relative or friend
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by...
We have prepared a selection of frequently asked questions.
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Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by...
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When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
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Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture.
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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....
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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...
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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...
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Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA,...
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Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely...
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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...
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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...
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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...
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The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of...
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As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel...