New Senior Deductions Under The OBBBA
Under the One Big Beautiful Bill Act (OBBBA), individuals who are age 65 or older can now claim a new “senior” deduction of up to $6,000 starting now in 2025
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Group Term Life Insurance & Imputed Income: A Year-End Payroll Guide for Employers
As year-end payroll approaches, one benefit often overlooked by businesses is group term life (GTL) insurance and the tax implications that come with it. Many employers provide life insurance as
Find New Fraud Tricks With Benford’s Law
Physicist Frank Benford first popularized Benford’s Law in 1938. In the fight against fraud, however, it’s a statistical concept that remains relevant even today. It was even cited as an
“High-Low” Per Diem Business Travel Rates Are Here For 2025-2026
Managing reimbursements and accompanying receipts for meals, hotel, and incidents for employees who travel can be frustrating and stressful. The “high-low” per diem business travel method could make this process
Best Practices For Providing Relocation Benefits As An Employer
Today’s labor market is challenging and skilled, making it hard on employers to attract the top talent. Employers have to be careful and consider every possible angle when it comes
What’s The Right Financial Reporting Frequency For Your Business?
Quarterly financial reporting frequency has provided the opportunity for fair, efficient, and well-functioning markets for decades. However, recently, President Trump took to his social media to suggest that public companies
Beneficiary Designations: A Mistake Could Hinder Your Estate Plan
Beneficiary designations allow certain assets to bypass an individual’s will or trust and, instead, transfer the assets directly to loved ones. IRAs, certain employer sponsored retirement accounts, life insurance policies,
Revisit Your Company’s Pricing Strategy To Gauge Its Viability
One of the most powerful levers for business owners to calibrate their companies’ profitability is pricing strategy. Customers might pass you by for a cheaper competitor if you set prices
Five Tax Breaks For Nursing Home Care You Should Consider Before Moving A Parent
According to the National Center for Health Statistics, approximately 1.3 million Americans live in nursing homes. If your parents fall into this category, there may be specific tax implications that
Possible Tax Traps When Personally Guaranteeing Your Corporation’s Loan
Understanding potential tax consequences of personally guaranteeing a loan to your closely held corporation is important before any decisions are made. If the corporation defaults, for example, you as the