The 2025 SALT Deduction Cap Increase Might Save Your Substantial Taxes
If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill Act (OBBBA) could […]
Stop Fraud at the Front Door
Small businesses often rely on a few trusted employees to be the first people customers encounter — not to mention, the primary ones to collect […]
Should Your Business Maximize Deductions for Real Estate Improvements Now or Spread Them Out?
Commercial real estate usually must be depreciated over 39 years. But certain real estate improvements — specifically, qualified improvement property (QIP) — are eligible […]
Treasury and IRS Provide Transitional Relief for 2025 for Businesses Reporting Car Loan Interest Under OBBBA
As appearing in IR-2025-105
On 10/21/25, the Department of the Treasury and the Internal Revenue Service provided transitional guidance […]
Boost Your Tax Savings by Donating Appreciated Stock Instead of Cash
Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit. If you […]
How Financial Statements Unlock Business Value
As calendar-year entities start work on their year-end financials, it’s important to remember that financial reporting is about more than compliance. Financial statements also help business owners […]
There’s Still Time for Businesses to Benefit from Clean Energy Tax Breaks
The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, extends or enhances many tax breaks for businesses. But the legislation terminates several business-related clean […]
Using an Old Analytical Tool to Find New Fraud Tricks
Benford’s Law was first popularized by physicist Frank Benford in 1938, but it’s a statistical concept that remains relevant today — particularly in […]
2025-2026 “High-Low” Per Diem Business Travel Rates are Here
If you have employees who travel for business, you know how frustrating it can be to manage reimbursements and the accompanying receipts for […]
Making the Most of the New Deduction for Seniors
For 2025 through 2028, individuals age 65 or older generally can claim a new “senior” deduction of up to $6,000 under the One Big Beautiful Bill Act […]
