The tax treatment of research and experimental (R&E) expenses is a critical issue for U.S. businesses, particularly small to midsize companies focused on innovation. Under current tax law, the ability
A new bill under consideration in Congress — informally called The One, Big, Beautiful Bill — could bring sweeping changes to key federal tax breaks for businesses. If passed, the
If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax law. To qualify,
The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year. HSA Basics
Even well-run companies experience down years. The federal tax code may allow a bright strategy to lighten the impact. Certain losses, within limits, may be used to reduce taxable income
Staying compliant with payroll tax laws is crucial. Mistakes can lead to fines, strained employee relationships, and even legal consequences. Below are six essential tips to help you stay on
The qualified business income (QBI) deduction presents a valuable opportunity for eligible businesses, set to last until 2025 before its scheduled expiration. This deduction, applied at the owner level, can
If you’re looking to withdraw cash from your organization at a low tax cost, the easiest way is to give out cash as a dividend. Remember, a dividend isn’t the
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
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
