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 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
As we approach 2025, state and local tax (SALT) regulations are becoming increasingly complex. For business owners, staying ahead of these changes is critical to ensuring compliance and avoiding costly
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.
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