Key Items To Note When Filing A Tax Extension This Season
You can request an automatic extension if you don’t have everything to complete your 2025 federal individual income tax return by the April 15 deadline. Filing Form 4868, “Application for
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Federal Research Credit: What You Need To Know
For some research and development activities, companies may qualify for a federal research credit. However, not all research activities qualify, and the credit can be difficult to calculate. But, the
Do You Qualify For Mileage Deductions?
One important factor to know whether you’re filing your 2025 individual income tax return or planning for 2026, is whether you can deduct vehicle-related expenses. Last year’s One Big Beautiful
Correctly Classifying Debt Vs. Equity When Putting Money Into Corporations
How you put money into your company and take it back out can have a major effect on your tax bill if it operates as a C corporation. Capital contributions
Don’t Miss The 2025 IRA Contribution Deadline
Each year, until the contribution deadline, you can contribute up to the annual limit to a traditional or Roth IRA, or a combination of the two. For 2025, the IRA
What’s The Right Fiscal Year End For Your Organization?
For most organizations, closing their books on December 31 for accounting and tax purposes makes the most sense. But just because it aligns with the calendar year, doesn’t mean it’s
Clean Energy Tax Credits 2025: Last Chance to Claim EV & Home Improvement Credits
Recent legislation, including the One Big Beautiful Bill Act (OBBBA), accelerated the phaseout of several clean energy tax credits. However, if you purchased an electric vehicle or completed certain energy-efficient
Working Animal Tax Deductions: When Your Dog or Cat Qualifies as a Business Expense
Did you know your business may qualify for working animal tax deductions? From guard dogs protecting property to cats controlling rodents, the IRS allows deductions for animals that serve a
The April 15 Deadline Applies Beyond Your Income Tax Return
April 15, 2026 is the 2025 federal income tax return due date, but that’s not the only item with the April 15 deadline. If you don’t catch it, you could
Forfeited Employee FSA Balances: Know The Basics
As part of their employee benefits packages, many businesses offer health care and dependent care flexible spending accounts (FSAs). For employees, these plans provide valuable tax savings. For employers, these