Best Tax Planning Practices For Accrual-Basis Taxpayers
Timing your income and deductible expenses to your advantage is easier if you can project your business’ income for this year and the next. And, unless you expect to be
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Finding The Financially Smart Health Care Option For You
A high-deductible health plan (HDHP) paired with a Health Savings Account (HSA) is a financially smart health care plan that could help you as health care costs continue to increase.
Year End Is Approaching: Review Your Business Expenses Now
As year-end approaches, it’s important to review your business’ expenses for deductibility. If you accelerate deducting expenses into this year, you could reduce 2025 taxes and possibly provide permanent tax
Save Substantial Taxes With The SALT Deduction Cap Increase
One particular provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce your 2025 federal income tax liability. If you pay more than $10,000 in state and local
Take Deductions Now Or Spread Them Out? What’s Best For Your Business?
Typically, commercial real estate is depreciated over 39 years. However, certain real estate improvements, such as qualified improvement property (QIP), may qualify for accelerated depreciation and can be immediately fully
Donating Appreciated Stock Instead Of Cash Could Boost Your Tax Savings This Year
Your primary reason for supporting your favorite charities is probably not because you could save on taxes. However, it is an added benefit. Furthermore, donating appreciated stock instead of cash
Act Soon: Clean Energy Tax Breaks Your Business Could Still Benefit From
When the One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025, it included many changes. Some of these changes include extensions and enhancements on tax
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
“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
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