Senior tax-saving alert: Make charitable donations from your IRA

Tuesday, January 21, 2025
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages.QCD basicsQCDs can...... Read More

Healthy savings: How tax-smart HSAs can benefit your small business and employees

Monday, January 20, 2025
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account (HSA). HSAs...... Read More

Marketing your B2B company via the right channels

Friday, January 17, 2025
For business-to-business (B2B) companies, effective marketing begins with credible and attention-grabbing messaging. But you’ve also got to choose the right channels. Believe it or not, some “old school” approaches remain...... Read More

Beyond the numbers: 5 red flags that may indicate financial distress

Thursday, January 16, 2025
Financial statements provide valuable insights into a company’s economic performance, aiding managers, lenders, and investors in their evaluations. However, they offer only a partial view and may fail to highlight...... Read More

How inflation will affect your 2024 and 2025 tax bills

Tuesday, January 14, 2025
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 still increase for 2025. The...... Read More

When can you deduct business meals and entertainment?

Monday, January 13, 2025
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 recent years. Let’s take a look at what...... Read More

Business Tax Account now available for Corporate Designated Officials

Monday, January 13, 2025
IRS Expands Business Tax Account (BTA) AccessThe IRS has expanded its Business Tax Account (BTA), making it available to C corporations and their Designated Officials (DOs). This bilingual, online self-service...... Read More

Surprise IT failures pose a major financial risk to companies

Friday, January 10, 2025
It’s every business owner’s nightmare. You wake up in the morning, or perhaps in the middle of the night, and see that dreaded message: “We’re down.” It could be your...... Read More

Reporting contingent liabilities in your company’s financial statements

Thursday, January 09, 2025
It’s critical for business owners and managers to understand how to present contingent liabilities accurately in the financial statements. Under U.S. Generally Accepted Accounting Principles (GAAP), some contingent losses may...... Read More

Get tax breaks for energy-saving purchases this year because they may disappear

Tuesday, January 07, 2025
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late.On the campaign...... Read More