What to Do After April 15 (and What Records You Can Finally Toss)
With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things. But before you do, it’s in your ...
Material Participation: What LLP and LLC Owners Need to Know
The passive activity loss (PAL) rules may limit your ability to deduct losses from a business structured as a limited liability partnership (LLP) or ...
Is December 31 the Wrong Year End for Your Business?
Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year. But a calendar year isn’t ...
2026 Tax Changes You Should Already Be Planning For
The many tax-related provisions that went into effect last year after the One Big Beautiful Bill Act (OBBBA) was signed into law are affecting 2025 ...
A Major Tax Break for Businesses That Build
Maximize Depreciation Deductions on Your 2025 Tax Return
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed by December 31 of ...
Set Up a SEP Retirement Plan and Reduce Your 2025 Taxes
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file ...
New Depreciation Rules for Hospitality
If you own a restaurant, bar, food truck, or entertainment venue, the One Big Beautiful Bill Act (OBBBA) just handed you one of the most significant ...
Tax Credits Every Restaurant Owner Should Know
Running a restaurant means managing tight margins, rising labor costs, and constant operational pressure. The good news? Several federal tax credits ...