What you still need to know about the alternative minimum tax after the new law
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The di...
The QBI deduction and what’s new in the One, Big, Beautiful Bill Act
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligib...
Developing a comprehensive AI strategy for your business
We’ve reached a point where artificial intelligence (AI) offers functionality and enhancements to most businesses. Yours may be able to use it to stre...
The One, Big, Beautiful Bill Act (OBBBA) has introduced significant tax changes that could affect families across the country. While many of the provi...
The new law includes favorable changes for depreciating eligible assets
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best c...
How can your business set the stage for organic sales growth?
For businesses looking to reach the next level of success, there’s no bigger star than organic sales growth. Simply defined, this is achieving an incr...
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That...
Significant business tax provisions in the One, Big, Beautiful Bill Act
The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small busi...
Businesses can strengthen their financial positions with careful AP management
Running a successful business calls for constantly balancing the revenue you have coming in with the money you must pay out to remain operational and...
Understanding spousal IRAs: A smart retirement strategy for couples
Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. In such c...
Tap into the 20% rehabilitation tax credit for business space improvements
If your business occupies a large space and you’re planning to relocate, expand or renovate in the future, consider the potential benefits of the reha...
Milestone moments: How age affects certain tax provisions
They say age is just a number — but in the world of tax law, it’s much more than that. As you move through your life, the IRS treats you differently b...
Handle with care: Upgrading your company’s accounting software
What’s the most important type of software for your business? Your first thought may be whatever system you rely on most to produce or sell your compa...
Is college financial aid taxable? A crash course for families
College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for the 2024–...
DOs and DON’Ts to help protect your business expense deductions
If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete...
