IRS Announces Availability of Work Opportunity Tax Credit Through 2025
As appears in IRS Tax Tip 2025-60
Finding a job can be a challenge and for certain groups, it can be […]
The Power of Catch-Up Retirement Account Contributions After 50
Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to your tax-favored retirement account(s). And these contributions […]
Receive $10,000 in Cash at your Business? The IRS Wants to Know About It
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS […]
Receive $10,000 in Cash at your Dealership? The IRS Wants to Know About It
Does your dealership receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS […]
Beware of Potential Pitfalls When Valuing a Business under the Income Approach
Valuing a business using the income approach may seem straightforward: Estimate future earnings and apply a risk-based discount rate to calculate present value. In practice, however, it’s […]
Payroll Tax Implications of New Tax Breaks on Tips and Overtime
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new […]
Run a Business With Your Spouse? You May Encounter Unique Tax Issues
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.
How Tariffs Could Increase Your Company’s Supply Chain Risk
Your company’s supply chain is one of the many business functions vulnerable to fraud, particularly as foreign tariffs take effect. Dishonest employees and vendors are known to […]
Teachers and Others Can Deduct Eligible Educator Expenses This Year . . . and More Next Year and Beyond
At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school […]
Evaluating Marketability When Valuing Controlling Business Interests
When investing in a business, the buyer considers how easily the interest can be converted to cash. However, transferring private business interests isn’t […]
