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Claiming Losses On Depreciated Or Worthless Stock

Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss

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What Are Considered ‘Ordinary & Necessary’ Advertising Expenses?

Under tax law, businesses are typically able to deduct advertising and marketing expenses, which help to either retain or bring in customers. This valuable tax deduction can help businesses cut

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Could The New & Improved Pension Credit Benefit Your Small Business?

At the very end of 2022, President Biden signed into law the Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0). Now that the year is well underway,

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Quick Tips For QuickBooks

QuickBooks® is an all-in-one solution designed for small and medium-sized businesses to help manage and organize their finances. QuickBooks assists with the accounting function for many companies but includes a

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When Was The Last Time You Reviewed Your Life Insurance Policy?

Life insurance used to have a much larger role in an estate plan than it does today. Why is this? Because families would use life insurance payouts to pay estate

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Is Effective Altruism The Right Practice For Your Non-Profit?

The arrest last year of a high-profile cryptocurrency exchange founder for fraud not only hurt the crypto business, but also resulted in a negative response towards “effective altruism.” This philosophy

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New Supreme Court Ruling On Overtime Rules & Highly Compensated Employees

If you were told someone earns more than $200,000 annually, your first assumptions might be that the person is a salaried employee and they’re ineligible for overtime pay. However, this

Awarded Money In A Lawsuit Or Settlement? It’s Only Tax-Free In Certain Circumstances.

You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for ‘personal physical

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Can Customer Disputes Somehow Help Your Organization?

Business may not realize that customers’ disputes (reports of fraud or suspicious charges on their accounts) , could actually be an opportunity for your business instead of a challenge. Handle

Buying A New Business Vehicle? A Heavy SUV Is A Tax-Smart Choice.

If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d