The IRS has recently rolled out several updates that are critical for business owners to understand, especially with regard to the Employee Retention Credit (ERC), the Corporate Alternative Minimum Tax
In a recent statement, former President Donald J. Trump announced his intention to eliminate the “double taxation” faced by Americans living abroad. This move marks another tax reform proposal targeting
Hiring household employees such as nannies, housekeepers, or caregivers can significantly ease personal and family responsibilities, but it also brings tax obligations that business owners need to understand. Just like
When it comes to inheriting an IRA or qualified retirement plan, beneficiaries have several key choices to make. Business owners, who often rely on IRAs as part of their retirement
Every business owner understands the importance of having the right insurance coverage. From fire and flood damage to business interruption policies, ensuring your business is protected in the event of
For many small business owners, maximizing deductions can significantly reduce tax burdens, and Section 179 of the tax code offers one of the most powerful tools to achieve this. Under
As the year draws to a close, now is the perfect time to consider year-end tax planning strategies. Tax laws for businesses continue to evolve, and staying proactive can help
When it comes to running a successful business, especially one that involves manufacturing, production, or retail, inventory and the Cost of Goods Sold (COGS) play a critical role in determining
The recent Paris Summer Olympics were a monumental success for U.S. athletes, with many bringing home prestigious medals and cash rewards. But there’s another reason to celebrate—thanks to a 2016
Selling real estate can be a complex process, especially if you’re looking to structure the sale in a way that benefits both you and the buyer. One strategy that savvy