Tax Implications Of Your Merger Or Acquisition
The tax consequences of selling your business or acquiring another company can have a major impact on the transaction’s success or failure. You must consider the potential tax implications if
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Category: Tax
High-Income Earners to Face New Itemized Deduction Limits Next Year
In 2026, taxpayers in the top federal income tax bracket will begin to see their itemized deductions reduced. Here are steps you can take now to help mitigate the negative
New Deductions For Qualified Production Property Could Save You Significant Taxes
This year, the One Big Beautiful Bill Act (OBBBA) introduced an important tax break for certain nonresidential real estate that can be classified as qualified production property (QPP): it now
Take Advantage Of The 0% Long-Term Capital Gains Rate By Shifting Income
Considering making financial gifts to loved ones? Do you want to reduce your capital gains tax? If you consider giving appreciated stock instead of cash, you could potentially eliminate all
Deducting Business Gifts 101: Getting The Most Out Of Your Deductions
During the holiday season, a great way to show appreciation for customers and employees is through business gifts. And, as an added bonus to your business, the gifts you give
Social Security Wage Base: What Affect Will It Have On Your 2026 Payroll Taxes?
Are you curious about the tax impact on employees and self-employed individuals is for 2026? Let’s look at the implications of the newly-released 2026 Social Security wage base. FICA Tax
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
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