Tracking Down Donation Substantiation
If you’re like many Americans, your mailbox may have been filling up in recent weeks with letters from your favorite charities acknowledging your 2023 donations.…
If you’re like many Americans, your mailbox may have been filling up in recent weeks with letters from your favorite charities acknowledging your 2023 donations.…
QBI may sound like the name of a TV quiz show. But it’s actually the acronym for “qualified business income,” which can trigger a tax…
If you and your employees will be traveling for business this year, there are many factors to keep in mind. Under the tax law, certain…
Even without a full understanding, it’s obvious from the word itself that undercapitalization is not good for your business. Undercapitalization occurs when a business holds…
The House of Representatives recently passed a bill that would extend several beneficial tax provisions that have recently expired, while also expanding numerous others. The…
Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for…
On January 31, the House of Representatives overwhelmingly passed the Tax Relief for American Families and Workers Act of 2024, a tax package worth $78…
The Research and Development (R&D) tax credit is an incentive that rewards companies that continue to innovate and pursue new challenges. In the construction industry,…
To grow, manufacturers often focus on the top line of their income statement (revenue). But boosting profits is the key to long-term sustainable growth. In…
Occupational fraud — that is, fraud committed by employees — is a significant problem for all businesses. According to the Association of Certified Fraud Examiners…