9.28.23
Manufacturers: Are You Making the Most of the General Business Credit?
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…
9.27.23
Plan Ahead for Health Savings Accounts in 2024
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…
9.27.23
IRS Delays SECURE 2.0 Roth Catch-Up Contribution Rule
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…
9.27.23
Safeguarding Your Critical Documents
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…
9.27.23
Which Business Website Costs Are Deductible?
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…
9.27.23
An “Innocent Spouse” May Be Able To Escape Tax Liability
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…
9.25.23
2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this list…
9.18.23
It’s Important To Understand How Taxes Factor Into M&A Transactions
In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s…
9.12.23
Tax Law Changes and Considerations To Keep In Mind
Effective planning for your construction business not only includes understanding the items that impact your operations but also the results that taxation on your profits…
9.12.23
Spouse-Run Businesses Face Special Tax Issues
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The Partnership Issue An unincorporated…