Can I itemize deductions on my tax return? You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldn’t be claimed because you didn’t have… Read More
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How a business owner’s home office can result in tax deductions
How a business owner’s home office can result in tax deductions As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to understand the IRS rules to… Read More
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Put your nonprofit’s cybersecurity system to the “pen” test
Put your nonprofit’s cybersecurity system to the “pen” test At least 68% of not-for-profits experienced one or more data breaches between 2021 and 2023, according to the CyberPeace Institute. Already in 2025, several nonprofits, including health care, social service and religious… Read More
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Are your employees suffering from retirement plan leakage?
Are your employees suffering from retirement plan leakage? Today’s small to midsize businesses are often urged to help employees improve their financial wellness. And for good reason: Financially struggling workers tend to have higher stress and anxiety levels. They may… Read More
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You may be able to make a deductible IRA contribution for last year this year
You may be able to make a deductible IRA contribution for last year this year If you’re getting ready to file your 2024 tax return and your tax bill is higher than you’d like, there may still be a chance… Read More
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Questions about taxes and tips? Here are some answers for employers
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance with federal and state tax regulations is vital if your business has employees who receive… Read More
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Questions about taxes and tips? Here are some answers for employers
Questions about taxes and tips? Here are some answers for employers Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants, hotels and salons. Compliance with federal and… Read More
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D&O insurance may be worth considering for some companies
D&O insurance may be worth considering for some companies Strong leadership is essential to running a successful business. However, as perhaps you’ve experienced, playing the role of a strong leader can force you to make tough decisions that expose you… Read More
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Taming the tax tangle if you’re retiring soon
Taming the tax tangle if you’re retiring soon Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a long career. Yet the transition may bring a tangle of tax considerations…. Read More
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Many business tax limits have increased in 2025
Many business tax limits have increased in 2025 A variety of tax-related limits that affect businesses are indexed annually based on inflation. Many have increased for 2025, but with inflation cooling, the increases aren’t as great as they have been… Read More