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 ...
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 ...