News and Updates

Insights Into Small Business Bankruptcies

Many U.S. businesses filed for bankruptcy last year. Through the end of the third quarter of 2024...

Refresher on First-Year Section 179 Depreciation Deductions

Internal Revenue Code Section 179 potentially allows significant first-year depreciation deductions...

Breaking the Nest Egg: Tread Carefully with Early Retirement Plan Withdrawals

Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building...

Wrap Up Your Business Year with Big Tax Savings

With the year end rapidly approaching, many business owners are focusing on budgeting and strategic...

6 Reasons to Separate Real Estate from Your Business Assets

When businesses acquire real estate, they often title it under the company name. Although this...

Social Media Isn’t a Trusted Source for Tax Advice (Clone)

The IRS has issued repeated warnings over the past year about inaccurate advice and outright scams...

Company Holiday Parties: Celebrate the Tax Breaks

Are the costs of holiday parties tax deductible? Despite a recent crackdown on business...

Some Retirement Plan Benefits Will Increase for 2025

With the 2025 tax year almost here, there's news from the IRS about retirement savings. According...

Unwrap the Fine Print: Essential Gift Card Tips for the Season

With the holiday season rapidly approaching, you may consider gift ideas for friends, family...

7 Tax Breaks for Business Buildings

Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses...