From Flights to Meals: A Guide to Business Travel Tax Deductions
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can […]
You Don’t Have to Be in Business to Deduct Certain Vehicle Expenses
When you think about tax deductions for vehicle-related expenses, business driving may come to mind. However, businesses aren’t the only taxpayers that can deduct driving expenses on […]
How Can You Build a Golden Nest Egg If You’re Self-Employed?
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This […]
From Risk to Reward: Valuing Emerging-Market Companies
In today’s global economy, an established business might consider expanding its revenue base by acquiring or merging with a company in an emerging […]
With Reporting Deadline Imminent, Court Puts BOI Reporting on Hold
In a groundbreaking decision, a federal […]
Maximize Your Year-End Giving with Gifts that Offer Tax Benefits
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce […]
In 2025, the Social Security Wage Base is Going Up
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing Social Security […]
How Your Business Can Fight ATM Skimming
Skimming, where criminals use hidden digital readers to steal debit and credit card information, is a pervasive threat that can result in significant […]
Reminder That Initial BOI Reporting for Pre-1/1/24 Entities is Due 1/1/25
In 2021, Congress passed the Corporate Transparency Act (CTA). The CTA requires many entities doing business in the US to report information about the individuals who ultimately […]
Is Your Money-Losing Activity a Hobby or a Business?
Let’s say you have an unincorporated sideline activity that you consider a business. Perhaps you offer photography services, create custom artwork or sell handmade items online. Will […]
