Uncertainty regarding inflation, demand and foreign tariffs has made inventory management even harder for businesses than it was previously. Although...
Before claiming a charitable deduction for 2025, make sure you can substantiate it
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. B...
Increase your current business deductions under tangible property safe harbors
Did your business make repairs to tangible property, such as buildings, equipment or vehicles, in 2025? Such costs may be fully deductible on your 202...
Advisory boards provide family businesses with independent perspectives
Does your family business keep its strategic decisions within the family? It’s common for family businesses to assign relatives to positions of author...
There’s still time to set up a SEP 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 your...
Is your business ready for the tax deadline that’s on Groundhog Day this year?
Normally businesses must furnish certain information returns to workers and submit them to the federal government by January 31. But this year, that d...
Consider these issues before providing (or reimbursing) mobile phones
For many employees, mobile phones are no longer a perk — they’re an essential business tool. However, issuing company phones or reimbursing employees....
If you suffered a disaster, you may be eligible for a casualty loss tax deduction
Every year, severe storms, flooding, wildfires and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their...
