As Donald Trump prepares to return to the White House, his administration’s tax policy direction is a topic of keen interest for business owners. With the Senate under Republican control
As a business owner, you’re always looking for ways to optimize your tax strategy, and sometimes, opportunities come from unexpected places. Did you know that, under certain conditions, a weight-loss
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
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 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, understanding how your filing status impacts your tax liability is essential for minimizing costs and staying compliant with IRS rules. For the tax year 2024, several
As 2024 unfolds, tax laws continue to evolve, and families with children can take advantage of several credits and benefits designed to ease financial burdens. Understanding these options is crucial
As a business owner, managing your tax burden can feel overwhelming, especially with ever-changing tax laws and regulations. However, there are numerous strategies available that can help you significantly reduce
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