Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from...

Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United...

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides...

With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s taxes for this year...

Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, your personal...

The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for...

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are...

There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and...

Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more...

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a...

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are...

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service...

Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But...

If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow...

If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you...

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. Keep in...

Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a...

If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter or trade for goods and...

The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear....

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break...