
What Types of Expenses Can’t Be Written off by Your Business?
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically…
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically…
As most business owners are aware at this point, the Employee Retention Credit (ERC) is a refundable tax credit for businesses that had employees and…
While most states offer sales and use tax exemptions for certain purchases by manufacturers, the details can vary from state to state. Manufacturers often overlook…
The goal of profitable manufacturers is to make as many products with as few resources as possible. With the economy continuing its uncertain path, getting…
Generally, tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit reduces its tax liability…
The IRS has released guidance that includes the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). The benefits of HSAs include: contributions are made on…
The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, which was enacted in December 2022, is a game-changer in the world of retirement…
So many of the documents we all use in our personal lives these days are digital. However, there are still many that you should retain…
Nearly every business needs a website, but it’s not always easy to determine which costs of running one are deductible. Fortunately, established rules that generally…
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s…