Why you might want to build a wall between your business and its real estate
Does your business own its real estate in a separate holding company, such as a limited liability company (LLC) or limited partnership? This practice...
It’s your last chance to claim these clean energy tax breaks
Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if you bought an...
Did you know that you can claim tax deductions for animals that serve a bona fide business purpose? This benefit extends beyond agricultural operation...
Better billing practices are only an easy assessment away
Efficient, accurate billing practices are critical to your business’s financial health. Billing errors or delays can lead to revenue leakage, cash-flo...
Many businesses offer health care and dependent care flexible spending accounts (FSAs) as part of their employee benefits package. These plans provide...
Selling your business? You might benefit from presale financial due diligence
If you’re contemplating a sale of your business, you probably know that any serious buyer will scrutinize your financial statements, operations, asset...
4 types of interest expense you may be able to deduct
Personal interest expense generally can’t be deducted for federal tax purposes. There are, however, exceptions. Here are four, one of which is a new b...
If you used one or more vehicles in your business during 2025, you may be eligible for valuable tax deductions on your 2025 income tax return. Busines...
Some customers naturally require more time and resources than others. But when certain relationships consistently consume more of your and your employ...
An advance payment is one received by a business before it provides whatever is being paid for. For federal income tax purposes, generally advance pay...
Pay equity is the philosophy and practice of “equal pay for equal work.” Employers known for fair pay practices stand out in today’s competitive labor...
Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns
An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change...
To maximize — or not to maximize — depreciation deductions on your 2025 tax return
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed by December 31 of t...
