Four Year-End Planning Steps to Trim Your 2025 Taxes
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year ...
What Do the 2026 Cost-of-Living Adjustment Figures Mean for You?
The IRS recently issued its 2026 cost-of-living adjustments for more than 60 tax provisions. The One Big Beautiful Bill Act (OBBBA) makes permanent ...
Year-End Review: Identifying Opportunities to Cut Costs
As 2025 winds down, business owners and managers are ramping up their planning efforts for the new year. Part of the annual budgeting process ...
Strategies to Prevent Abuse of Friends & Family Discount
Many small businesses offer discounts to employees, friends, family, or loyal customers as a gesture of appreciation. While these programs can ...
Review Your Business Expenses Before Year-End
As 2025 comes to a close, it’s a good time to review your business expenses and identify which costs qualify as deductible. Accelerating deductible ...
Benefits of Catch-Up Retirement Contributions After 50
If you’re age 50 or older, you have a unique opportunity to strengthen your retirement savings through additional “catch-up” contributions to your ...
New Rules Could Boost Your R&E Tax Savings In 2025
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) ...
What You Need To Know About Mandatory Electronic IRS Payments
Beginning September 30, 2025, all payments made to or from the IRS must be electronic under Executive Order 14247, Modernizing Payments to and From ...
Employer Requirements Under OBBBA
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces new federal income tax deductions for eligible employee overtime ...