Tax Planning

How the Social Security wage base will affect your payroll taxes in 2026

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November 6, 2025
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The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA tax 101 The Federal Insurance Contributions Act (FICA) imposes two payroll taxes on wages and self-employment income — one for Old-Age, Survivors, and Disability Insurance, commonly known as the Social Security tax, […]
#PayrollTaxes, #SocialSecurity, #TaxUpdate
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Risk Management, Technology

Writing an AI governance policy for your business

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October 31, 2025
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Artificial intelligence (AI) is changing the way businesses operate. Its capacity to gather and process data, as well as to mimic human interactions, offers remarkable potential to streamline operations and boost productivity. But AI presents considerable challenges and concerns, too. With so many tools available, employees may inadvertently or purposely misuse the technology in ways […]
#AIGovernance, #AITechnology, #ArtificialIntelligence
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Tax Planning

Review your business expenses before year end

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October 28, 2025
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Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025 taxes and might even provide permanent tax savings. Also consider the impact of the One Big Beautiful Bill Act (OBBBA). It makes permanent or revises some Tax Cuts and Jobs Act (TCJA) provisions […]
#BusinessDeductions, #TaxPlanning, #YearEndPlanning
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Human Resources

Fundamental building blocks of an employee wellness program

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October 23, 2025
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In a business context, a wellness program is an employer-sponsored initiative designed to promote employees’ physical, mental and emotional well-being. These programs can take many forms, but their underlying goal is generally the same: to foster a healthier, more productive workplace. A well-structured wellness program can also help companies manage health care benefits costs, reduce […]
#EmployeeWellness, #WellnessPrograms, #WorkplaceWellness
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Tax Planning

Why start-ups should consider launching as S corporations

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October 17, 2025
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Launching a new business brings tough decisions. And that holds true whether you’re a fledgling entrepreneur starting your first company or an experienced businessperson expanding into a second or third enterprise. Among the most important calls you’ll need to make is how to structure the start-up for tax purposes. For many business owners, electing S corporation […]
#BusinessStartup, #Entrepreneurship, #SCorporation
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Tax Planning

Boost your tax savings by donating appreciated stock instead of cash

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October 16, 2025
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Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit. If you donate long-term appreciated stock, you potentially can save even more. Not just a deduction Appreciated publicly traded stock you’ve held more than one year is long-term capital gains property. If you donate […]
#CharitableGiving, #TaxPlanning, #YearEndPlanning
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Business Planning & Consulting, Tax Planning

There’s still time for businesses to benefit from clean energy tax breaks

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October 14, 2025
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The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, extends or enhances many tax breaks for businesses. But the legislation terminates several business-related clean energy tax incentives earlier than scheduled. For example, the Qualified Commercial Clean Vehicle Credit (Section 45W) had been scheduled to expire after 2032. Under the OBBBA, it’s available […]
#BusinessTax, #OBBBA, #TaxUpdate
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Employee Retention

Designing the right bonus plan for your business

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October 10, 2025
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Today’s employees have a wealth of information at their fingertips and many distractions competing for their attention. Maintaining focus and productivity can be challenging. One proven lever for promoting engagement is a performance-based bonus plan. When carefully structured, these plans acknowledge individual contributions while accelerating the company toward its strategic goals. However, if not optimally […]
#EmployeeEngagement, #EmployeeRetention, #PerformanceBasedPay
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