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
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 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
As a tax pro, you know your clients are always looking for ways to save more money. While financial advisors often focus on growing wealth, they don’t always consider the
As a high-income business owner, you are likely familiar with the benefits and pitfalls of the tax system, but 2024 brings several updates that could impact your tax strategy. Knowing
As a business owner, managing your tax burden can feel overwhelming, especially with ever-changing tax laws and regulations. However, there are numerous strategies available that can help you significantly reduce
Accounting Today recently highlighted top firms for women in 2024, underscoring the importance of an inclusive workplace. As a business owner, you can implement similar practices to attract and retain
As a business owner, understanding the different types of Individual Retirement Accounts (IRAs) is essential to maximizing your retirement savings while avoiding unnecessary penalties. The IRS offers several types of
As business owners, you’re always looking for ways to reduce taxable income while supporting causes that matter to you. A Qualified Charitable Distribution (QCD) offers a unique and tax-efficient way