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 ...
Turn Business Losses Into Future Tax Savings
Even successful businesses experience occasional down years. Fortunately, the federal tax code provides a way to help offset those losses, ...
Step-Up in Basis: A Powerful Estate Planning Tool
Inheriting assets from a loved one can come with a significant—but often misunderstood—tax benefit known as the step-up in basis. This provision can ...
Avoid Estimated Tax Surprises
If you're self-employed, run a small business, or earn rental or investment income, quarterly estimated tax payments may be critical to your tax ...
Selling Your Vacation Home? Tax-Smart Strategies to Consider
In many popular vacation destinations, property values and insurance costs have soared. If your vacation home has appreciated significantly, now may ...
IRS Expands Theft and Fraud Loss Deductions
The Tax Cuts and Jobs Act (TCJA) significantly restricted the types of theft losses that can be deducted on federal income tax returns. However, a ...