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How your business can prepare for and respond to an IRS audit
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. See how to prepare for an IRS audit.
When can business travel expenses be deducted?
The rules surrounding tax deductions for business travel are complex. Here are some of the things you need to know.
Making the most of the home sale gain exclusion
Considering downsizing your home or moving? If so, be sure to check whether you’ll qualify for the tax-saving home sale gain exclusion.
Is your home office tax deductible? Here are the rules
While many people work from home, not everyone qualifies for home office deductions. Here are the rules for eligibility.
Understanding the $7,500 federal tax credit for buying an electric vehicle
Interested in buying a plug-in electric vehicle? You may be eligible for a valuable federal tax credit. Here are the rules.
It’s income tax planning time for your small business
2024 will be over soon enough. Here are some year-end tax planning moves to consider that may help your small business save on taxes.
6 key elements of a business budget
A budget is essential for small businesses. But if you are stuck using the same budgeting process and format, maybe it’s time for an upgrade.
TCJA and the possible future tax landscape for businesses
The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act (TCJA) are scheduled to expire and the November elections will be decided. Here are some possible outcomes.
Business owners sometimes need to switch successors
Are you having second thoughts about your chosen successor? It happens. Here are some ways to address the issue and decide whether to change course.
Understanding taxes on sales of real estate
The federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.
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