Many U.S. businesses filed for bankruptcy last year. Through the end of the third quarter of 2024 (the latest available statistics at this writing), formal bankruptcy filings were on track to exceed the 2023 mark and the watershed year of 2020. Here's a look at what's driving the increase and how the process works, including revised rules for small businesses that went into effect in 2022.
Internal Revenue Code Section 179 potentially allows significant first-year depreciation deductions...
Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building...
With the year end rapidly approaching, many business owners are focusing on budgeting and strategic...
When businesses acquire real estate, they often title it under the company name. Although this...
The IRS has issued repeated warnings over the past year about inaccurate advice and outright scams...
Are the costs of holiday parties tax deductible? Despite a recent crackdown on business...
With the 2025 tax year almost here, there's news from the IRS about retirement savings. According...
With the holiday season rapidly approaching, you may consider gift ideas for friends, family...
Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses...