February 14, 2025
Surprise IT failures pose a major financial risk to companies
How renting out a vacation property will affect your taxes
April 3, 2024
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a…
Smaller companies: Explore pooled employer plans for retirement benefits
April 1, 2024
Most businesses today need to offer a solid benefits package. Failing to do so could mean falling behind in the competition to hire and…
Don’t forget to empty out your flexible spending account
March 29, 2024
If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an…
Solving the riddles of succession planning for family businesses
March 27, 2024
Every established company will encounter challenges when confronting the thorny issue of succession planning. Family-owned businesses,…
A company car is a valuable perk but don’t forget about taxes
March 25, 2024
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in…
Is your business underestimating the value of older workers?
March 22, 2024
The job market remains relatively tight for businesses looking to fill open positions or simply add top talent when the fit is right. That…
The “nanny tax” must be paid for nannies and other household workers
March 20, 2024
You may have heard of the “nanny tax.” But if you don’t employ a nanny, you may think it doesn’t apply to you. Check again. Hiring a…
Giving gifts and throwing parties can help show gratitude and provide tax breaks
March 18, 2024
The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving…
How businesses can get better at data capture
March 15, 2024
It would be hard to argue against the notion that almost every kind of business today is data-driven. Without the information you need to…
2024 Q1 tax calendar: Key deadlines for businesses and other employers
March 13, 2024
2024 Q1 tax calendar: Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses…
Court awards and out-of-court settlements may (or may not) be taxed
March 11, 2024
Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive…
The standard business mileage rate will be going up slightly in 2024
March 8, 2024
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5…
Reinvigorating your company’s sales efforts heading into the new year
March 6, 2024
Business owners, with the year just about over, you and your leadership team presumably have a pretty good idea of where you want your…
Don’t overlook taxes when contemplating a move to another state
March 4, 2024
When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be…
3 types of internal benchmarking reports for businesses
March 1, 2024
As each year winds to a close, owners of established businesses can count on having plenty of at least one thing: information. That is,…
Defer a current tax bill with a like-kind exchange
February 28, 2024
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the…
It’s possible (but not easy) to claim a medical expense tax deduction
February 26, 2024
One of your New Year’s resolutions may be to pay more attention to your health. Of course, that may cost you. Can you deduct your…
Perform an operational review to see how well your business is running
February 23, 2024
In the wide, wide world of mergers and acquisitions (M&A), most business buyers conduct thorough due diligence before closing their…
Does your business have employees who get tips? You may qualify for a tax credit
February 21, 2024
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit…
The kiddie tax could affect your children until they’re young adults
February 19, 2024
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates…
Did your business buy the wrong software?
February 16, 2024
No one likes to make a mistake. This is especially true in business, where a wrong decision can cost money, time and resources. According…
Answers to your tax season questions
February 14, 2024
Answers to your tax season questions The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the…
Tax-favored Qualified Small Business Corporation status could help you thrive
February 12, 2024
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible…
Account-based marketing can help companies rejoice in ROI
February 9, 2024
When it comes to marketing, business owners and their leadership teams often assume that they should “cast a wide net.” But should you? If…