Decoding Tax Deductions: Spouse Travel Expenses
Recent data indicates a resurgence in global business travel post-pandemic. According to a Research and Markets report, the market soared to $665.3 billion in 2022 and is projected to skyrocket
Recent data indicates a resurgence in global business travel post-pandemic. According to a Research and Markets report, the market soared to $665.3 billion in 2022 and is projected to skyrocket
If you made large gifts to your children, grandchildren, or others last year, it’s important to find out if you’re required to file a 2023 gift tax return. It might
Businesses typically leverage one of two accounting methods to calculate taxable income: cash or accrual. While many businesses have the flexibility to choose between these methods, each method offers its
A tax filing status must be chosen when you file your tax return. The selected status is then used to determine a number of things, including your standard deduction, tax
Many entrepreneurs start out as sole proprietors when launching a small business. If you’re considering such a venture as a sole proprietorship, you should understand the related tax issues. Here
If you donated to charity in 2023, acknowledgment letters from the organization(s) may have already arrived in the mail. If you haven’t received any letters, however, can you still claim
When the COVID-19 pandemic temporarily closed many businesses, the Employee Retention Tax Credit (ERTC) was introduced and provided cash that helped enable struggling businesses to retain employees. And while it
While traditional IRAs and Roth IRAs have been around for a while, the associated regulations have undergone many revisions over the years. Most recently, the Secure 2.0 law in late
There’s a new fringe benefit option for employees facing emergencies, which is part of the SECURE 2.0 law. It’s called a pension-linked emergency savings account (PLESA), and the provision authorizing
Green tax reform represents a significant shift from solely focusing on revenue generation to leveraging tax policies to incentivize environmentally responsible practices and drive sustainable behavior. This approach not only