In the wake of a natural disaster, one of the most challenging tasks for business owners and individuals is reconstructing financial and tax records. These records are crucial for documenting
State and local tax (SALT) regulations are evolving rapidly, and 2025 promises to bring even more changes that will challenge businesses and their advisors. For business owners, staying ahead of
As we approach the end of the year, it’s time for business owners to take a hard look at their finances and implement strategic tax planning to maximize savings. Understanding
If you’re a business owner looking to make a smart investment before year-end, don’t overlook the tax benefits of purchasing a business vehicle. By acting before December 31st, you could
As we approach the end of the year, many business owners are preparing to distribute bonuses to employees. Bonuses are a great way to reward hard work and keep employees
As the Trump administration prepares to take office, business owners should be prepared for potential shifts in tax policy, especially regarding provisions from the 2017 Tax Cuts and Jobs Act
As the year comes to a close, it’s the perfect time for business owners to revisit their vehicle-related tax strategies. Whether you’re using a vehicle primarily for business or even
As we head into 2025, one topic gaining significant bipartisan support is the restoration of the immediate expensing for research and development (R&D) costs. For years, businesses were allowed to
For decades, business owners have utilized Section 1031 of the Internal Revenue Code to defer taxes on the exchange of property used in their trade, business, or held for investment.
As we gear up for the 2024 Presidential election, tax policies proposed by the candidates are front and center. Business owners are especially interested, as these policies could directly impact