Business Expense Deductions: DOs and DON'Ts to Protect Your Write-Offs
If you're claiming deductions for business-related expenses, especially meals, vehicle use, or home office costs, expect the IRS to scrutinize them. ...
Paying Medicare Premiums? You Could Qualify for a Tax Break
If you're age 65 or older and enrolled in Medicare, chances are you're paying premiums for various types of coverage and possibly incurring other ...
Milestone Moments: How Age Affects Certain Tax Provisions
As we celebrate birthdays and life events, it's easy to overlook the fact that certain ages trigger significant tax and financial changes. Whether ...
Put Qualified Charitable Distributions to Work for Your Nonprofit
A Qualified Charitable Distribution allows individuals aged 70½ or older to donate up to $100,000 directly from their traditional IRA to a qualified ...
Five Tax Breaks to Consider: What Business Owners Need to Know
A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed ...
R&E Deductibility May Return Under New Bill
The treatment of research and experimental (R&E) expenses is a high-stakes topic for U.S. businesses, especially small to midsize companies ...
How to Turn F&A Turnover into a Business Opportunity
Turnover in finance and accounting (F&A) leadership is increasing. In 2024, CFO turnover among Standard & Poor’s 500 companies hit 17.8%, ...
Is Your Salary Reasonable in the Eyes of the IRS?
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s ...
QuickBooks Tips: Master Your Monthly Close
The month-end close is a pain point for many small to midsize businesses. While internal accounting teams often aim to wrap up the close within three ...