Tax credits reduce tax liability dollar-for-dollar. As a result, they can be more valuable than deductions, which reduce only the amount of income subject to […]
Uncertainty regarding inflation, demand and foreign tariffs has made inventory management even harder for businesses than it was previously. Although there are many unknowns right […]
Did your business make repairs to tangible property, such as buildings, equipment or vehicles, in 2025? Such costs may be fully deductible on your 2025 […]
Does your family business keep its strategic decisions within the family? It’s common for family businesses to assign relatives to positions of authority and require […]
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025 […]
Normally businesses must furnish certain information returns to workers and submit them to the federal government by January 31. But this year, that date falls on […]
Admit it, you’ve Googled your own name once or twice. The question is, how frequently do you Google your company’s name? Regularly checking online information […]
If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income tax return. Income-based thresholds and […]
For many employees, mobile phones are no longer a perk — they’re an essential business tool. However, issuing company phones or reimbursing employees for use […]
