The October 15th deadline for tax extension filers is approaching quickly, and now is the time for business owners and individual taxpayers to gather all necessary tax documents. Filing your
In times of disaster, fraudsters often use people’s generosity to their advantage, setting up fake charities and using deceptive practices to steal money from well-meaning individuals and businesses. As a
For business owners, navigating the complexities of capital losses can offer significant opportunities to reduce tax liabilities. Understanding how to strategically manage and utilize these losses can directly impact your
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