End Purchase Order Chaos with a Structured Approval Process
Many businesses struggle with procurement, whether hiring contractors, buying equipment, or paying vendors. Here are some tips for streamlining your ...
What Might Be Ahead as Many Tax Provisions Are Scheduled to Expire?
As we approach the end of the year, it's essential to be aware of the numerous tax provisions set to expire. These changes could significantly impact ...
How Renting Out a Vacation Property Will Affect Your Taxes
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Perhaps you’re fortunate enough to already own one. In either ...
Coordinating Sec. 179 Tax Deductions with Bonus Depreciation
Your business should generally maximize current-year depreciation write-offs for newly acquired assets. Two federal tax breaks can help achieve this ...
Independent Contractor vs Employee Status: DOL Issues New Final Rule
The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for ...
Optimizing Tax Strategies Amid Business Losses
Business losses can sting, particularly when they are large and unexpected. However, there are numerous ways the tax code can help mitigate the ...
Financial Insights & Tax Impacts of Short vs. Long-Term Rentals
In the ever-evolving realm of real estate, opting for either short-term or long-term rentals transcends mere convenience; it represents a choice with ...
Employer Tax Deadline Reminder
With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent ...
Don't Overlook Taxes when Contemplating a Move to Another State
When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be closer to ...