7 Tax Breaks for Business Buildings
Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses...
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Business Tax
Decoding Your Taxes: A Glossary of Tax Terms You May Need to Know
Navigating the maze of federal taxes can be daunting. Many tax terms are confusing, whether you're...
R&E Capitalization Has Unintended Effect on Small Businesses
The Tax Cuts and Jobs Act (TCJA) brought a significant, albeit delayed, change to the tax treatment...
IRS Targets Partnership Tax-Reduction Tactic
The IRS recently announced the launch of a new multistage regulatory initiative intended to close...
Business Owners: Expiration Date Is Approaching for Certain TCJA Provisions
The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect...
Business Owners: Failure to Substantiate Donations Can Be Costly
Charitable donations can provide businesses with significant tax savings. But for gifts over a...
Planning for Taxable Gains and Losses
What's the difference between capital gains and losses and ordinary gains and losses? The...
Personal Use of Corporate Jets: Flying Below the IRS’s Radar
The IRS has announced a new audit initiativetargeting the personal use of business aircraft. Some...
Close-Up on Pass-Through Entity Tax Laws
At the start of 2024, three dozen states and New York City already had pass-through entity taxes...
Updated Guidance on Business Vehicle Depreciation
The rules for deducting depreciation expenses on vehicles used for business purposes have been...