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 […]
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 […]
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 […]
Tax Traps of Personally Guaranteeing a Loan to Your Corporation
If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand the potential tax consequences. Acting as a […]
Tax Court Case Provides Lessons on Best Recordkeeping Practices for Businesses
Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance and tax […]
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 […]
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 […]
