Small Business Tax Help
As we approach the end of 2024, the IRS has released its annual inflation adjustments for tax year 2025, which will significantly impact individual taxpayers and business owners alike. These
December 18, 2024
Skip to content As we approach the end of 2024, the IRS has released its annual inflation adjustments for tax year 2025, which will significantly impact individual taxpayers and business owners alike. These
As we approach the end of the year, it’s time for business owners to take a hard look at their finances and implement strategic tax planning to maximize savings. Understanding
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
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
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
When it comes to filing your taxes, claiming dependents can significantly reduce your taxable income, often leading to valuable tax credits and deductions. But, determining who qualifies as a dependent
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