During this festive holiday season your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax deductions for
If you’re concerned about your 2023 tax bill, there may still be time to reduce it. Here are four quick strategies that may help you trim your taxes
If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up. You
In the midst of busy holiday season, don’t forget to consider taking steps to cut the 2023 tax liability for your business. You still have time to take
The IRS recently announced various 2024 inflation-adjusted federal tax amounts affecting individual taxpayers. Most of the federal income tax rate bracket thresholds are about 5.4% higher than for
The IRS adjusts dozens of tax thresholds each year for inflation: income tax brackets, retirement contribution limits, gift tax exclusion, standard deduction, HSA limits, Section 179 expensing, Social
Retirement plans are one of the few places in the tax code where the IRS is on your side. Contributions reduce current-year income, the money grows tax-deferred (or
Is your business depreciating the entire cost of constructing the building that houses your enterprise over 30 years? If so, you should consider a cost segregation study. It
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock option awards. The reason: Options can lose
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as
If you’re fortunate to have an employer offering a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. Generally speaking, it’s a
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