Know the Risks Before Outsourcing Business to Contractors
If your business is particularly busy, you may temporarily outsource some of its work to third-party contractors. Hiring contractors can be a cost-effective […]
When Can You Deduct Business Meals and Entertainment?
You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in recent years. Let’s take a […]
How Inflation Will Affect Your 2024 and 2025 Tax Bills
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax […]
Don’t Overlook the Cost Approach When Valuing a Private Business
There are three commonly accepted techniques for valuing a closely held business: the cost (or asset-based) approach, the market approach and the income […]
Get Tax Breaks for Energy-Saving Purchases This Year Because They May Disappear
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s […]
Self-Employment Tax: A Refresher on How it Works
If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The SE tax is how Social Security and Medicare […]
Are Your Job Candidates Honest? A Look at Resumé Fraud
Job applicants must work hard to stand out in a crowded marketplace. For some, that means bending the truth — or outright lying — about their experience, […]
BOI Reporting Requirements Paused Again as of 12/27/2024
In a surprising turn of events, the Fifth Circuit Court of Appeals has reinstated a nationwide injunction that halts the enforcement of beneficial […]
U.S. Appeals Court Reinstates Beneficial Ownership Information Reporting Requirement
In a significant legal development, a […]
