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Blog
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How inflation will affect your 2024 and 2025 tax bills
How inflation will affect your 2024 and 2025 tax bills Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. The… Read More
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When can you deduct business meals and entertainment?
When can you deduct business meals and entertainment? You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in recent years. Let’s take a look at what you can… Read More
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How to get foundations to say “yes” to your grant proposals
There are many thousands of charitable foundations in the United States. And, according to technology company Foundation Source, U.S. foundations awarded an average of 33 grants averaging between $25,000 and $28,000 each in 2022 (the most recent year for which… Read More
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3 types of retirement plans for growing businesses
3 types of retirement plans for growing businesses When start-ups launch, their focus is often on tightly controlling expenses. Most need to establish a brand and some semblance of stability before funding anything other than essential operating activities. For companies… Read More
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Get tax breaks for energy-saving purchases this year because they may disappear
Get tax breaks for energy-saving purchases this year because they may disappear The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late…. Read More
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Business owners: Be sure you’re properly classifying cash flows
Business owners: Be sure you’re properly classifying cash flows Properly prepared financial statements provide a wealth of information about your company. But the operative words there are “properly prepared.” Classifying information accurately isn’t always easy — especially as the business grows… Read More
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Unlocking the mystery of taxes on employer-issued nonqualified stock options
Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got rich (or semi-rich) from exercising stock options when they worked for start-up companies or fast-growing enterprises. We’ll explain what you… Read More
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The amount you and your employees can save for retirement is going up slightly in 2025
The amount you and your employees can save for retirement is going up slightly in 2025 How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced… Read More