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
The IRS’s recent recovery of $1.3 billion from wealthy tax dodgers highlights a renewed focus on tax enforcement, thanks to funding provisions in the Inflation Reduction Act (IRA). While this
The IRS is at a critical juncture, facing potential funding cuts that could significantly impact its ability to enforce tax compliance, improve taxpayer services, and modernize its technology. Business owners
The recent endorsement of an IRS-affiliated union by Vice President Kamala Harris has caused quite a stir, with critics expressing concerns about potential tax increases on both individuals and businesses.
Money laundering isn’t just an issue for criminal enterprises. It’s a widespread problem that can affect legitimate businesses—either through direct involvement or by unknowingly becoming part of a money laundering
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
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