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

Self-employment tax: A refresher on how it works

Monday, January 06, 2025
If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The SE tax is how Social Security and Medicare taxes are collected...... Read More

Should your company offer fertility benefits?

Friday, January 03, 2025
Most businesses today understand all too well that they must craft a robust and varied benefits package to draw good job candidates and retain valued employees. But beyond basics such...... Read More

5 reasons to outsource your bookkeeping

Thursday, January 02, 2025
Running a closely held business is challenging. Owners usually prioritize core business operations — such as managing employees, serving customers and bringing in new sales — over tedious bookkeeping tasks....... Read More