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 President-elect Donald Trump prepares for his second term, significant tax policy changes are on the horizon that could impact business owners nationwide. Building upon the 2017 Tax Cuts and
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
The Social Security Administration (SSA) has announced a significant change for 2025: the maximum earnings subject to Social Security (OASDI) tax will rise from $168,600 to $176,100, an increase of
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
When you’re a business owner, taking money out of your company is necessary for personal needs and financial planning. However, how you structure these transactions can significantly impact your tax
Charitable contributions are an excellent way for businesses to support their communities, reduce taxable income, and foster goodwill among customers and employees. However, understanding the IRS rules surrounding charitable giving
As a business owner, navigating the ever-changing landscape of healthcare can be daunting, especially when it comes to tax implications tied to health insurance. With 2024 bringing new updates, it’s