Cybersecurity is no longer optional for businesses. Every business, from a sole proprietorship to a multinational corporation, needs to know its vulnerabilities to cyber threats.…
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for…
For various reasons, business owners sometimes decide to put their companies on the market. To successfully negotiate the sale of a business, it’s critical to…
Receiving a sudden and sizable influx of cash may seem like a dream come true. It can be, but many people get carried away by…
The COVID-19 pandemic changed the landscape of work for a lot of people, as numerous business owners began working from their homes. Many are still…
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated,…
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…
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…