IRS tax planning
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.
December 12, 2024
Skip to content 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 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
The theft and unauthorized release of tax data is an ongoing issue that affects businesses and individuals alike. With high-profile cases like that of Charles Littlejohn—an IRS contractor who leaked
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 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 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
As we approach 2024, understanding the gift tax rules is essential for business owners who are planning to make gifts to employees, family members, or even charitable organizations. The IRS
The Corporate Transparency Act (CTA), which takes effect on January 1, 2024, will have significant implications for business owners. Its main goal is to promote transparency and combat illegal activities
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