Succession planning is one of the most important responsibilities of a manufacturing business owner. By identifying and grooming future leaders early — whether family members,…
The Qualified Opportunity Zone (QOZ) program, created by the Tax Cuts and Jobs Act, was slated to expire after 2026. The One Big Beautiful Bill…
Interest paid or accrued by a business is generally deductible for federal tax purposes. But limitations apply. Now some changes under the One Big Beautiful…
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true…
The “high-low” per diem method is a simplified way to reimburse employees who travel for your business compared to tracking actual business travel expenses. For…
Remote work can offer advantages for both employers and employees. But it’s not without problems, such as unexpected tax consequences. State Tax Issues for Employees…
Generally, except for home mortgage interest, personal interest expense isn’t deductible for federal income tax purposes. With the passage of the One Big Beautiful Bill…
For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue. Any business, whether new or established,…
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here…
The passage of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, marked a significant shift in the financial and regulatory landscape for…