Running a business can be both exciting and challenging, but one wrong move can lead to financial disaster. As a business owner, having a solid management plan and strong internal
In the recent Tax Court case Estate of Anne Milner Fields v. Commissioner, a complex estate planning scenario involving a Texas oil heiress has underscored the importance of understanding how
IntroductionAs a business owner, navigating the complex tax landscape can be overwhelming. One aspect of the U.S. tax system that may catch you off guard is the Alternative Minimum Tax
For many business owners, early retirement can seem like an enticing option or an inevitable necessity. However, stepping away from your business before reaching age 59½ presents its own set
As a business owner, financial setbacks can sometimes lead to more deductions than income. While it may seem like a straightforward benefit to offset losses, the IRS imposes specific limitations
As a business owner, navigating the complexities of health insurance requirements for employees can be challenging. With new updates in 2024, it’s essential to stay informed about the latest employer
When it comes to estate planning, business owners have unique considerations that go beyond personal assets. With the estate tax exclusion amount set at $13.61 million in 2024, understanding how
As a business owner, managing travel expenses for yourself and your employees can be a tedious task. Fortunately, the IRS offers a streamlined way to handle this through the per
As Donald Trump prepares for his presidential term in 2025, his tax policies and priorities are already a hot topic, particularly for business owners navigating an evolving financial landscape. This
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