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Blog

Although a tax deduction won’t make your business whole after a theft, it can help offset part of your loss. Learn when a theft loss may be deductible, how to calculate it, where to report it and what documentation you’ll need.
Posted in: Risk Management

Deducting business theft losses

November 9, 2026 0

Deducting business theft losses

Whether it’s unauthorized payroll payments, pilfered inventory, stolen equipment or forged checks, theft can be a devastating blow for a small business. Once the fraud […]

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If your business isn’t living up to its potential, you may be able to take action that boosts profitability. We offer six tips, from revising sales goals to reviewing recurring expenses.
Posted in: Business Planning & Consulting

6 ways to uncover your business’s profit potential

November 4, 2026 0

6 ways to uncover your business’s profit potential

Rising costs and inefficient operations can leave your business earning less than it should. A thorough review of how you make and spend money can […]

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A CRT can help you reduce single-stock exposure and defer taxes if you own highly appreciated shares that would generate a large capital gain if sold. You also may be able to claim a 2026 charitable deduction.
Posted in: Estate Planning

A charitable remainder trust can provide tax benefits and more

November 3, 2026 0

A charitable remainder trust can provide tax benefits and more

If you’re thinking about making a large gift to charity before year end, options besides an outright gift of cash are worth considering. One alternative […]

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Understanding self-employment tax is essential whether you’re a sole proprietor, partner, LLC member or employee with a side hustle. Learn how the rules work and explore ways to potentially lower the burden.
Posted in: Tax Planning

What triggers SE tax, and how can you manage it?

November 2, 2026 0

What triggers SE tax, and how can you manage it?

Self-employment (SE) tax can be a major expense for small business owners — and many self-employed individuals are surprised by this obligation when they file […]

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Is your business out of luck if a customer files for bankruptcy? Not necessarily, but the odds of recovery depend on the facts of the case. Engage legal and financial advisors promptly to strengthen your position.
Posted in: Risk Management

Act fast if a customer files for Chapter 11 bankruptcy

October 29, 2026 0

Act fast if a customer files for Chapter 11 bankruptcy

If a customer with outstanding bills files for Chapter 11 bankruptcy, an ordinary receivable could become an urgent financial problem. Although a customer’s filing doesn’t […]

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Points are upfront fees charged by a home mortgage lender, expressed as a percentage of the loan principal. But are they deductible? Find out.
Posted in: Tax Planning

How mortgage points may affect your taxes

October 28, 2026 0

How mortgage points may affect your taxes

If you’re in the process of buying a home, or you bought one earlier this year, you probably know that you may be able to […]

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From $3,000 in 1937 to $192,300 in 2027, the Social Security wage base has changed dramatically over the years. Here’s what the latest increase means for small business owners and their employees.
Posted in: Payroll

Payroll tax compliance: New Social Security wage base for 2027

October 27, 2026 0

Payroll tax compliance: New Social Security wage base for 2027

If your small business has employees, you may need to budget for higher payroll costs next year, especially if you employ many high earners. The […]

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Composite returns are mandatory in only five states, prohibited in several, and often limited to nonresident individuals, so decide owner by owner alongside any PTET election, using current-year instructions. Our team can assist with composite and withholding analysis, nonresident agreements, PTET modeling, and multistate pass-through compliance
Posted in: Tax Planning

SALT Digest Issue #12: Composite Returns for Pass-Through Entities: Which States Require Them and What They Mean for Owners

October 26, 2026 0

SALT Digest Issue #12: Composite Returns for Pass-Through Entities: Which States Require Them and What They Mean for Owners

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Whether you just launched your business or it’s been operational for a while, understanding the accounting cycle and consistently following procedures can help keep your financials in order.
Posted in: Audit & Accounting

What business owners need to know about the accounting cycle

October 22, 2026 0

What business owners need to know about the accounting cycle

The accounting cycle is used to record, organize and summarize financial activity for a specific period. Also known as the bookkeeping cycle, it’s designed to […]

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With a handful of paychecks left in 2026, you may still have time to increase your 401(k) contributions and either cut your 2026 taxes or provide yourself with tax-free retirement income.
Posted in: 401(k) Plans

The benefits of increasing your 401(k) contributions before the year runs out

October 20, 2026 0

The benefits of increasing your 401(k) contributions before the year runs out

As 2026 draws to a close, your employer’s 401(k) plan may offer an opportunity to reduce your current income taxes while building your retirement savings […]

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New IRS-approved “per diem” rates took effect on Oct. 1, 2026. Learn how these rates can simplify expense reporting and help you manage business travel costs.
Posted in: Payroll

IRS publishes new per diem business travel rates for fiscal year 2027

October 19, 2026 0

IRS publishes new per diem business travel rates for fiscal year 2027

Many businesses use federal “per diem” rates to reimburse employees for out-of-pocket travel expenses. In Notice 2026-60, the IRS announced special per diem rates that […]

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The cheapest health insurance plan isn’t necessarily the best choice for your business’s employees — or even its budget. Learn what you should consider when renewing coverage.
Posted in: Employee Benefit Plans

Cost vs. coverage: Renewing your business’s employee health plan

October 14, 2026 0

Cost vs. coverage: Renewing your business’s employee health plan

If your business’s renewed employer-sponsored health insurance plan starts at the beginning of the calendar year, you’re probably negotiating next year’s rates now or will […]

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