Can I itemize deductions on my tax return?

Can I itemize deductions on my tax return? You may wonder if you can claim itemized deductions on your tax return. Perhaps you made…

5 steps to creating a pay transparency strategy

5 steps to creating a pay transparency strategy Today’s job seekers and employees have grown accustomed to having an incredible amount of…

Ways to manage the limit on the business interest expense deduction

Ways to manage the limit on the business interest expense deduction Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses…

Choosing the right sales compensation model for your business

Choosing the right sales compensation model for your business A strong sales team is the driving force of most small to midsize businesses.…

Exploring business entities: Is an S corporation the right choice?

Exploring business entities: Is an S corporation the right choice? Are you starting a business with partners and deciding on the right…

Riding the tax break train: Maximizing employee transportation fringe benefits

Riding the tax break train: Maximizing employee transportation fringe benefits There are some nice tax breaks for transportation-related…

How to evaluate and undertake a business transformation

How to evaluate and undertake a business transformation Many industries have undergone monumental changes over the last decade or so.…

Planning for the future: 5 business succession options and their tax implications

Planning for the future: 5 business succession options and their tax implications When it’s time to consider your business’s future,…

Turning stock downturns into tax advantages

Turning stock downturns into tax advantages Have you ever invested in a company only to see its stock value plummet? (This may become…

Weighing the pluses and minuses of HDHPs + HSAs for businesses

Weighing the pluses and minuses of HDHPs + HSAs for businesses Will your company be ready to add a health insurance plan for next year, or…

6 essential tips for small business payroll tax compliance

6 essential tips for small business payroll tax compliance Staying compliant with payroll tax laws is crucial for small businesses.…

Deduct a loss from making a personal loan to a relative or friend

Deduct a loss from making a personal loan to a relative or friend Suppose your adult child or friend needs to borrow money. Maybe it’s to…

Business owners should get comfortable with their financial statements

Business owners should get comfortable with their financial statements Financial statements can fascinate accountants, investors and…

Are you a tax-favored real estate professional?

Are you a tax-favored real estate professional? For federal income tax purposes, the general rule is that rental real estate losses are…

Discover if you qualify for “head of household” tax filing status

Discover if you qualify for “head of household” tax filing status When we prepare your tax return, we’ll check one of the following filing…

Is your business on top of its tech stack?

Is your business on top of its tech stack? Like many business owners, you’ve probably received a lot of technology advice. One term you may…

Small business alert: Watch out for the 100% penalty

Small business alert: Watch out for the 100% penalty Some tax sins are much worse than others. An example is failing to pay over federal…

Businesses considering incorporation should beware of the reasonable compensation conundrum

Businesses considering incorporation should beware of the reasonable compensation conundrum Small to midsize businesses have valid reasons…

Turn a summer job into tax savings: Hire your child and reap the rewards

Turn a summer job into tax savings: Hire your child and reap the rewards With summer fast approaching, you might be considering hiring…

What tax documents can you safely shred? And which ones should you keep?

What tax documents can you safely shred? And which ones should you keep? Once your 2024 tax return is in the hands of the IRS, you may be…

How companies can spot dangers by examining concentration

How companies can spot dangers by examining concentration At first glance, the word “concentration” might seem to describe a positive…

Explore SEP and SIMPLE retirement plans for your small business

Explore SEP and SIMPLE retirement plans for your small business Suppose you’re thinking about setting up a retirement plan for yourself and…

Understanding the “step-up in basis” when inheriting assets

Understanding the “step-up in basis” when inheriting assets If you inherit assets after a loved one passes away, they often arrive with a…

EBHRAs: A flexible health benefits choice for businesses

EBHRAs: A flexible health benefits choice for businesses Today’s companies have several kinds of tax-advantaged accounts or arrangements…