6.17.24
Eight Strategies for Boosting Your Manufacturing Production Capacity
Are your manufacturing company’s sales up over recent years, causing you to reach maximum capacity? One solution is to expand your operational footprint. But doing…
6.17.24
IRS Issues Final Regulations Regarding the Advanced Manufacturing Investment Credit
The Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act — signed into law in 2022 — provides generous tax incentives to increase domestic…
6.17.24
Hiring Your Child To Work at Your Business This Summer
With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge,…
6.16.24
Help Prevent Financial Scams Aimed At Older People
In any season, scam artists are seeking new ways to steal financial data and money from vulnerable people. Such fraudulent activities often target older adults.…
6.16.24
Sending the Kids to Day Camp May Bring a Tax Break
Among the many challenges of parenthood is what to do with your kids when school lets out. Babysitters are one option, or you might consider…
6.16.24
How Start-up Costs of a New Business Affect Your Tax Return
New businesses are launched every day, as evidenced by the number of Employer Identification Numbers requested, according to the U.S. Census Bureau. In the aftermath…
6.16.24
What Types of Expenses Can’t Be Written off by Your Business?
If you check the Internal Revenue Code, you may be surprised to find that most business deductions aren’t specifically listed there. For example, the tax…
6.11.24
Figuring Corporate Estimated Tax
The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for computing…
6.3.24
Inflation Enhances the 2025 Amounts for Health Savings Accounts
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on inflation, and…
5.31.24
Does Your Nonprofit Need an Annual Audit?
I’m frequently asked the question as to whether a nonprofit needs an annual audit, and the answer is that it depends. Although there’s no federal…