Natural disasters are unpredictable and can bring devastating impacts to businesses. However, having a sound financial plan in place can make all the difference in recovery, reducing long-term disruptions and
As we approach another election year, a familiar pattern emerges—clients are beginning to worry. The prospect of Kamala Harris and Donald Trump potentially facing off in 2024 has many business
One of the biggest tax-related questions for business owners is whether the IRS will classify an activity as a business or a hobby. The answer has major tax implications: If
As a high-income business owner, you are likely familiar with the benefits and pitfalls of the tax system, but 2024 brings several updates that could impact your tax strategy. Knowing
A solid buy-sell agreement is crucial for any business owner, especially those in closely held companies, to ensure smooth transitions and protect their financial interests. These agreements are typically a
As a business owner, managing rising healthcare costs is one of your ongoing concerns, and a Health Savings Account (HSA) can offer a practical, tax-efficient solution. HSAs allow you to
As we approach 2024, understanding the gift tax rules is essential for business owners who are planning to make gifts to employees, family members, or even charitable organizations. The IRS
As a business owner, understanding the tax implications of all sources of income is essential for proper financial planning. One often overlooked area involves gambling winnings and losses, which can
As a business owner, it’s essential to understand the tax implications of providing fringe benefits to your employees. Fringe benefits encompass a wide variety of perks offered in addition to
As a business owner, it’s crucial to stay informed about the latest tax reporting requirements, especially with changes that can impact how you report income. One key document you might