You likely have a lot of items on your to-do list as the year winds down—holiday shopping, charitable giving, and family gatherings. But for older… Read More »Don’t Miss the December 31st Deadline: Your RMD Year-End Checklist
Businesses can generally deduct interest paid or accrued for federal tax purposes, but limits apply. Starting in 2025, changes under the One Big Beautiful Bill… Read More »New Law Expands Business Interest Expense Deductions for 2025
December doesn’t mean you’ve missed your chance to lower your tax bill. By acting before December 31, you can still take advantage of several year-end… Read More »Still Time to Cut Your 2025 Taxes
Year-End Tax Planning Made SimpleParagraph: While tax planning throughout the year delivers the best results, there are still valuable steps you can take in December… Read More »6 Last-Minute Tax Tips for Businesses in 2025
As the year comes to a close, it’s important to check whether you’ve used up your 2025 flexible spending account (FSA) funds. FSAs are a… Read More »Don’t Lose Your 2025 FSA Funds: What You Need to Know
Whether you’re selling your business or acquiring another company, taxes can significantly influence the success of the transaction. Understanding the tax consequences before negotiating is… Read More »Tax Considerations in Business Mergers and Acquisitions
Beginning in 2026, individuals in the highest federal income tax bracket will face a new cap on itemized deductions. If you anticipate falling into the… Read More »How the 2026 Itemized Deduction Cap Impacts Top Tax Brackets
The One Big Beautiful Bill Act (OBBBA) introduces a powerful new tax incentive for manufacturers and similar businesses. Under this legislation, companies can claim 100%… Read More »New Tax Break for Factory Owners: QPP Explained
Are you planning to make financial gifts to family members or loved ones? If you’re also looking to reduce your capital gains tax, consider gifting… Read More »Smart Gifting: Reduce Taxes with the 0% Long-Term Capital Gains Strategy
Thoughtful business gifts are a powerful way to express appreciation to clients, partners, and employees. When managed properly, they can also offer valuable tax deductions.… Read More »Business Gift Tax Deductions: What You Need to Know
The Social Security Administration has announced the 2026 wage base: $184,500, up from $176,100 in 2025. This change directly impacts how much payroll tax employees… Read More »Payroll Tax Changes in 2026: What Employees and Freelancers Need to Know
Projecting your business income for both the current and upcoming year can help you strategically time income and deductible expenses. In general, deferring income and… Read More »Year-End Tax Planning Tips for Accrual-Basis Businesses